Investor AB

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Investor AB
Type Public (OMX: INVE B)
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
Total assets SEK 158,787 million (2007)[1]
Employees 148 (wholly owned investment operations) (2007)[1]
Website 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 a strong financial position and is almost debt free.

Contents

[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

  • 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)
  • IBX - provider of efficient purchasing solutions and services
  • OMX - Nordic securities exchange (11% Stake, 11% Voting rights)
  • Saab - aviation and military technology (20% Stake, 37.5% Voting rights)
  • SEB - banking (18% Stake, 18.5% Voting rights)
  • WM-data - IT services (Sold in August, 2006)
  • Bredbandsbolaget (BBB) a broadband and telecoms provider. This was initially in difficulty but was sold 2005 to Telenor for a profit.
  • 3 Scandinavia (3rd Generation Mobile phone services) A joint venture with Hutchinson Whampoa. By 2008 the Wallenbergs will have invested SKr8bn-10bn for their 40% stake.
  • Investor Growth Capital ( which finances start-up companies in health care and technology in the US.
  • Novare - A recruitment firm.
  • Grand Hotel Stockholm.

[edit] See also

[edit] Other investment companies

[edit] Former holdings

[edit] References

  1. ^ a b Annual Report 2007. Investor. Retrieved on 2008-04-14.

[edit] External links

[edit] Company websites

[edit] Data

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OMX Stockholm 30 companies of Sweden