Investor AB

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Investor AB
Type Publicly traded Aktiebolag
Traded as OMXINVE B
Industry Industrial holding company
Founded 1916
Headquarters Stockholm, Sweden
Key people Jacob Wallenberg (Chairman), Börje Ekholm (President and CEO)
Products Core, private equity, operating and financial investments
Operating income SEK 31.92 billion (2010)[1]
Profit SEK 30.71 billion (2010)[1]
Total assets SEK 221.33 billion (end 2010)[1]
Total equity SEK 170.61 billion (end 2010)[1]
Owner(s) Wallenberg family
Employees 162 (wholly owned investment operations, end 2010)[1]
Subsidiaries
Website www.investorab.com

Investor AB is a Swedish investment 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. In 2006 it had a market value of 119 billion kronor (13 billion, $16 billion). Currently Investor has a strong financial position.

Quick facts[edit]

December 31, 2004

  • Listed holdings market value: SEK 88,907 million (core + new from AR 2004, 87,645 + 1,262)
  • Unlisted holdings value: SEK 16,622 million ("new investments, unlisted" + "other" (presumably unlisted equity), 9,568 + 7,054)

October 15, 2006

  • The company stock trades at a 25% discount to the total value of its assets. One possible theory to explain this is the companies practice of issuing dual-class shares to the Wallenberg family, who own just 22% of the company but control 46% through multiple-vote shares.
  • 16% of Investors net value is made up of unlisted (private-equity) investments. These include part-ownership of EQT and Investor Capital Partners, a Hong Kong based subsidiary.

History[edit]

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[edit]

Core[edit]

Investor held shares in the following companies as of 31 December 2010:[1]

  • ABB - power and automation technology (7.3% stake, 7.3% voting rights)
  • Atlas Copco - industrial tooling and equipment (16.7% stake, 22.3% voting rights)
  • AstraZeneca - pharmaceuticals (3.7% stake, 3.7% voting rights)
  • Electrolux - consumer appliances (13.6% stake, 29.9% voting rights)
  • Ericsson - telecommunications (5.0% stake, 19.3% voting rights)
  • Husqvarna - outdoor power tools, chainsaws, lawnmowers and robotic mowers (15.7% stake, 30.8% voting rights)
  • Paccar Inc - manufacturer of DAF Trucks (50.49% stake, 39.5% voting rights)
  • Saab - aviation and military technology (30.0% stake, 39.5% voting rights)
  • SEB - banking (20.8% stake, 20.9% voting rights)

Operating investments[edit]

Investor's other investments include:[1]

  • 3 Scandinavia - (3rd Generation mobile phone services) (40% stake)
  • Aleris - healthcare and care services (97% stake)
  • Gambro - medical technology (49% stake)
  • Mölnlycke Health Care - medical technology (96% stake)
  • NASDAQ OMX - securities market operator (10.2% stake)
  • Novare - recruitment firm (50% stake)
  • Grand Hôtel, Stockholm - five star hotel (100%)
  • Lindorff - a credit management company in the Nordic region with a growing European presence. (58% stake)
  • Investor Growth Capital - venture capital firm, exceeds $1 billion in venture capital (100%)
  • Swedish Orphan Biovitrum - a Stockholm based specialty biopharma company (40% stake)
  • EQT Partners - private equity firm, €11 billion in equity capital (Investor participation varies from fund to fund)

See also[edit]

Some former holdings[edit]

Other Swedish investment companies[edit]

References[edit]

  1. ^ a b c d e f g "Annual Report 2010". Investor. Retrieved 5 May 2011. 
  2. ^ "Investor AB – press release". Cision Wire. Retrieved 2006-08-21. 
  3. ^ "Investor AB - press release". Cision Wire. Retrieved 2005-05-23. 

External links[edit]