Investor AB
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| Type | Publicly traded Aktiebolag |
|---|---|
| Traded as | OMX: INVE 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] |
| Employees | 162 (wholly owned investment operations, end 2010)[1] |
| 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 and is almost debt free.
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[edit] Quick facts
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.
[edit] 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.
[edit] Investments
[edit] Core
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 - auto, chainsaw and sewing machine manufacturer (15.7% stake, 30.8% voting rights)
- Saab - aviation and military technology (30.0% stake, 39.5% voting rights)
- SEB - banking (20.8% stake, 20.9% voting rights)
[edit] Operating investments
Investor's other investments include:[1]
- 3 Scandinavia - (3rd Generation mobile phone services) (40% stake)
- Aleris - healthcare and care services (97% stake)
- CaridianBCT - developing and commercializing technology that serves customers in the blood banking and transfusion medicine industries (49% 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)
[edit] See also
[edit] Some former holdings
- IBX - provider of efficient purchasing solutions and services (sold to Capgemini in 2010)
- WM-data - IT services (sold in August, 2006)[2]
- Saab Automobile - acquired by General Motors
- Scania - sold part of its stake to Volkswagen AG in 2000, selling the remainder to the German car-maker in March 2008. [1]
- Bredbandsbolaget - (BBB) a broadband and telecoms provider. This was initially in difficulty but was sold 2005 to Telenor for a profit.[3]
- OMX - financial services company (sold in May, 2007 to Nasdaq)
[edit] Other Swedish investment companies
[edit] References
- ^ a b c d e f g "Annual Report 2010". Investor. http://ir.investorab.com/files/press/investor/201103142056-2.pdf. Retrieved 5 May 2011.
- ^ "Investor AB – press release". Cision Wire. http://www.cisionwire.com/investor/investor-accepts-logicacmg-s-offer-for-wm-data. Retrieved 2006-08-21.
- ^ "Investor AB - press release". Cision Wire. http://www.cisionwire.com/investor/access-industries--the-carlyle-group-and-investor-ab-to-sell-bredbandsbolaget-to-telenor. Retrieved 2005-05-23.
[edit] External links
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