Investor AB
| File:Investor.svg | |
| Company type | Publicly traded Aktiebolag |
|---|---|
| Nasdaq Stockholm: INVE B | |
| ISIN | SE0000107419  |
| 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 |
| SEK 31.92 billion (2010)[1] | |
| SEK 30.71 billion (2010)[1] | |
| Total assets | SEK 221.33 billion (end 2010)[1] |
| Total equity | SEK 170.61 billion (end 2010)[1] |
Number of 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.
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.
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
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)
- Saab - aviation and military technology (30.0% stake, 39.5% voting rights)
- SEB - banking (20.8% stake, 20.9% voting rights)
Operating investments
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
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)
Other Swedish investment companies
- Ratos
- Investment AB Kinnevik
- Investment AB Latour
- L E Lundbergföretagen AB
- Aktiebolaget Industrivärden
References
- ^ a b c d e f g "Annual Report 2010" (PDF). Investor. Retrieved 5 May 2011.
- ^ "Investor AB – press release". Cision Wire. Retrieved 2006-08-21.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Investor AB - press release". Cision Wire. Retrieved 2005-05-23.
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