Investor AB

Investor AB is a Swedish investment and de facto conglomerate holding company, founded in 1916 and still controlled by the Wallenberg family through their Foundation Asset Management company FAM. The company owns a controlling stake in several large Swedish companies with smaller positions in a number of other firms. At year-end 2013 it had a market value of 190.9 billion kronor (€21.4 billion, $29.4 billion), a discount to the net asset value of 11.4%.

Investor AB
Publicly traded Aktiebolag
Traded asNasdaq Stockholm: INVE B
OMX Stockholm 30 component
ISINSE0000107419 
IndustryIndustrial holding company
Founded1916 (1916)
Headquarters
Stockholm
,
Sweden
Key people
Jacob Wallenberg (Chair)
Marcus Wallenberg (Vice Chair)
Johan Forssell (Director & CEO)
ProductsCore, private equity, operating and financial investments
SEK 47.54 billion (2013)[1]
SEK 45.12 billion (2013)[1]
Total assetsSEK 238.521 billion (2013)[1]
Total equitySEK 215.417 billion (2013)[1]
OwnerWallenberg family (23.3%)
Number of employees
85 (Investor AB only, 2013)[1]
Subsidiaries
Websitewww.investorab.com

Quick facts

December 31, 2013 (in SEK m.)

  • Core holdings: 204,705
  • Financial investments: 32,256
  • Other assets: 1,560
  • Total assets: 238,521
  • Net asset value: 215,419

History

In 1916, new legislation made it more difficult for banks to own stocks in industrial companies on a long-term basis. Investor was formed as an investment part of Stockholms Enskilda Bank, at the time the largest instrument of power in the Wallenberg family.

Investments

Core investments

Investor held shares in the following companies as of 31 December 2013.[2]

Listed companies
  • ABB - power and automation technology (8.4% stake, 8.4% voting rights)
  • Atlas Copco - industrial tooling and equipment (16.8% stake, 22.3% voting rights)
  • AstraZeneca - pharmaceuticals (4.1% stake, 4.1% voting rights)
  • Electrolux - consumer appliances (15.5% stake, 30.0% voting rights)
  • Ericsson - telecommunications (5.3% stake, 21.5% voting rights)
  • Epiroc - mining equipment (17.1% stake, 22.7% voting rights)
  • Husqvarna - outdoor power tools, chainsaws, lawnmowers and robotic mowers (15.7% stake, 30.8% voting rights)
  • Nasdaq, Inc. - stock and securities exchange (11.5% stake, 11.5% voting rights)
  • Saab - aviation and military technology (30.0% stake, 39.5% voting rights)
  • Swedish Orphan Biovitrum - biopharmaceutical company (39.7% stake, 39.8% voting rights)
  • SEB - banking (20.8% stake, 20.8% voting rights)
  • Wärtsilä - marine and power engine development (16.8% stake, 16.8% voting rights)[2]

Patricia Industries
  • Mölnlycke Health Care - medical devices (96.0% stake)
  • Permobil - power wheelchairs (94.0% stake)
  • Aleris - health care in Nordic region (100.0% stake)
  • Grand Hôtel/Vectura - hotel and real estate (100.0% stake)
  • BraunAbility (100.0% stake)

Primary financial investments
  • EQT Partners - private equity funds
  • Investor Growth Capital - venture capital in health care and technology in US and China
  • 3 Scandinavia - mobile and broadband networks in Scandinavia

Executives

See also

Some former holdings
  • IBX - provider of efficient purchasing solutions and services (sold to Capgemini in 2010)
  • WM-data - IT services (sold in August 2006)[3]
  • Saab Automobile - acquired by General Motors
  • Scania - divested its holding to Volkswagen AG in 2008[4]
  • Bredbandsbolaget (BBB) - a broadband and telecoms provider. This was initially in difficulty but was sold in 2005 to Telenor for a profit.[5]
  • OMX - financial services company (sold in May 2007 to Nasdaq, Inc.)

Other Swedish investment companies

References
  1. "Annual Report 2013" (PDF). Investor AB. Retrieved 5 April 2015.
  2. "Archived copy". Archived from the original on 9 May 2015. Retrieved 2015-03-02.CS1 maint: archived copy as title (link) CS1 maint: BOT: original-url status unknown (link)
  3. "Investor AB – press release". Cision Wire. Archived from the original on 2012-07-22. Retrieved 2006-08-21.
  4. "VW increases holding". Archived from the original on 2008-03-05.
  5. "Investor AB - press release". Cision Wire. Archived from the original on 2013-01-19. Retrieved 2005-05-23.
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