Investor AB

Investor AB
Publicly traded Aktiebolag
Traded as Nasdaq Stockholm: INVE B
Industry Industrial holding company
Founded 1916 (1916)
Headquarters Stockholm, Sweden
Key people
 Jacob Wallenberg (Chair)
Marcus Wallenberg (Vice Chair)
Johan Forssell (Director & CEO)
Products Core, private equity, operating and financial investments
SEK 47.54 billion (2013)[1]
SEK 45.12 billion (2013)[1]
Total assets SEK 238.521 billion (2013)[1]
Total equity SEK 215.417 billion (2013)[1]
Owner Wallenberg family (23.3%)
Number of employees
 85 (Investor AB only, 2013)[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. 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%.

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)
  • Husqvarna - outdoor power tools, chainsaws, lawnmowers and robotic mowers (15.7% stake, 30.8% voting rights)
  • NASDAQ - 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]

Unlisted subsidiaries

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

Other Swedish investment companies

References

  1. 1 2 3 4 5 "Annual Report 2013" (PDF). Investor AB. Retrieved 5 April 2015.
  2. 1 2 "Archived copy". Archived from the original on 9 May 2015. Retrieved 2015-03-02.
  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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