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 420.68 billion kronor (€41.54 billion, $50.14 billion), a discount to the net asset value of 11.4%.

Investor AB
TypePublicly traded Aktiebolag
Nasdaq 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 105.63 billion (2019)[1]
SEK 101.23 billion (2019)[1]
Total assetsSEK 432.64 billion (2019)[1]
Total equitySEK 420.68 billion (2019)[1]
OwnerWallenberg family (23.3%)
Number of employees
72 (Investor AB only, 2019)[1]
Subsidiaries
Websitewww.investorab.com

Quick facts

December 31, 2019 (in SEK m.)

  • Listed companies: 345,089
  • Patricia Industries: 51,146
  • Investments in EQT: 37,248
  • Other assets: -840
  • Net asset value: 420,681

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 2019.[2]

Listed companies
  • ABB - power and automation technology (11.8% stake, 11.8% voting rights)
  • Atlas Copco - industrial tooling and equipment (16.9% stake, 22.3% voting rights)
  • AstraZeneca - pharmaceuticals (3.9% stake, 3.9% voting rights)
  • Electrolux - consumer appliances (16.4% stake, 28.4% voting rights)
  • Epiroc - mining equipment (17.1% stake, 22.7% voting rights)
  • Ericsson - telecommunications (7.2% stake, 22.5% voting rights)
  • Husqvarna - outdoor power tools, chainsaws, lawnmowers and robotic mowers (16.8% stake, 33.1% voting rights)
  • Nasdaq, Inc. - stock and securities exchange (11.8% stake, 11.8% voting rights)
  • Saab - aviation and military technology (30.2% stake, 39.7% voting rights)
  • SEB - banking (20.8% stake, 20.8% voting rights)
  • Swedish Orphan Biovitrum - biopharmaceutical company (35.9% stake, 35.9% voting rights)
  • Wärtsilä - marine and power engine development (17.7% stake, 17.7% voting rights)[2]

Patricia Industries
  • Aleris - health care in Nordic region
  • BraunAbility (95.0% stake)
  • Grand Hôtel/Vectura - hotel and real estate (100.0% stake)
  • Laborie (95.0% stake)
  • Mölnlycke Health Care - medical devices (99.0% stake)
  • Permobil - power wheelchairs (96.0% stake)
  • Piab (96.0% stake)
  • Sarnova (85.0% 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

Other Swedish investment companies

References
  1. "Annual Report 2019" (PDF). Investor AB. Retrieved 27 January 2021.
  2. "Annual Report 2019" (PDF). Retrieved January 27, 2021.
  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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