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Investor AB
From Wikipedia, the free encyclopedia
| Investor AB | |
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| Type | Public |
|---|---|
| Founded | 1916 |
| Headquarters | Stockholm, Sweden |
| Key people | Jacob Wallenberg (Chairman of the board), Börje Ekholm (President and CEO) |
| Industry | Industrial holding company |
| Products | Core, private equity, operating and financial investments |
| Employees | 147 (wholly owned investment operations) |
| Website | http://www.investorab.com/ |
Investor AB is a Swedish investment company, founded in 1916 and still controlled by the Wallenberg family. The company owns a controlling stake in several large Swedish companies. In 2006 it had a market value of 119 billion kronor (€13 billion). ($16 billion). Currently Investor has large cash reserves and is almost debt free. CEO Borje Ekholm has discussed a stock buy-back to take the company private again, or potential acquisitions in technology, financial services, health care or engineering.
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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.
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.
- ABB - power and automation technology (7.5% Stake, 7.5% Voting rights)
- Atlas Copco - industrial tooling and equipment (15% Stake, 21% Voting rights)
- Astra Zeneca - pharmaceuticals (2.5% Stake, 2.5% Voting rights)
- Electrolux - consumer appliances (11% Stake, 28% Voting rights)
- Ericsson - telecommunications (4% Stake, 19% Voting rights)
- Gambro - medical technology (Probably 100% stake)
- Husqvarna - Auto, chainsaw and sewing machine manufacturer (10% Stake, 29% voting rights)
- OMX - Nordic securities exchange (11% Stake, 11% Voting rights)
- Saab - aviation and military technology (20% Stake, 37.5% Voting rights)
- Scania - commercial vehicles (11% Stake, 19% Voting rights)
- SEB - banking (18% Stake, 18.5% Voting rights)
- WM-data - IT services (Sold in August, 2006)
In addition the present Marcus Wallenberg has been diversifying into several high tech investments including;
- Spray Networks (Swedish internet portal) - was not a success.
- Bredbandsbolaget (B2) a broadband and telecoms provider. This was initially in difficulty but was sold last year (2005) to Telenor for a profit.
- 3 Scandinavia (3rd Generation Mobile phone services) A joint venture with Hutchinson Whampoa. This is losing money due to a lack of uptake. By 2008 the Wallenbergs will have paid SKr8bn-10bn for their 40% stake.
- Investor Growth Capital (a part owned Hong Kong subsidiary) which finances start-up companies in health care and technology in the US.
- Novare - A recruitment firm.
- Grand Hotel Stockholm.
- Saab Automobile - acquired by General Motors
- WM-Data
- Investor AB - Official website
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ABB | Alfa Laval | Assa Abloy | AstraZeneca | Atlas Copco | Autoliv | Boliden | Electrolux | Eniro | Ericsson | Hennes & Mauritz | |
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