The Wallenberg Foundations own, or have controlling interests in, a number of companies. These holdings are directly and/or indirectly owned in turn by two companies:
- Foundation Asset Management AB (FAM): privately-owned 100% by the Wallenberg Foundations. As of Dec.31.2017, FAM's holdings amounted to ~SEK 46 bn.
- Investor AB: a public company listed on the Nasdaq Stockholm exchange. The Wallenberg Foundations hold a 57% controlling interest.
Jacob Wallenberg, CEO of Investor + Vice Chairman of FAM, is a member of the European Round Table of Industrialists, which lobbies against climate change policies. Notably, FAM has a significant interest in Stora Enso Oyj as well as in Bergvik Skog, which owns ~2.4 million hectares of forest land.
Foundation Asset Management
- Asia Capital Reinsurance Group Pte Ltd, reinsurance company.
- 50%: Acturum Development AB†
- Alfvén & Didrikson, private equity firm investing in startups
- Amexci, design, certification and education in additive manufacturing
- Cellutech AB, develops applications for the wood industry
- Combient AB, development programs for industrial digitisation
- Elk Entertainment (Elk Holding AB), developer and producer of television formats.
- Glo, develops nanotubes for LED. Sister company to QuNaNo and SolVoltics.
- 50%: Höganäs Holding AB, iron and metal powders.
- 100%: IPCO Holding AB, industrial process solutions.
- 34.2%: Kivra AB, digital mailbox.
- Lindström & Göthberg Executive Development AB, leadership development.
- 11.4%: Munters, energy-efficient solutions for air treatment.
- 50%: Nefab Holding AB, industrial packaging solutions.
- Peltarion, develops platforms for AI applications.
- Power Wind Partners AB, owns and manages wind farms. Equally owned by Folksam, FAM and Proventus.
- QuNaNo AB, sister company to Glo and SolVoltaics. Not mentioned on website.
- 11.4%: Saab AB, products, services and solutions for military defense and civil security.
- 28.9%: AB SKF, ball bearings mnf. Stockholm:SKF B
- Sol Voltaics, develops nanotubes for solar cells. Sister company to Glo and QuNaNo.
- 27.3%: Stora Enso Oyj, forest industry.
- 15%: Bergvik Skog (Stora Enso 49% + FAM 15%),‡ forest-owning company.
- 82:an Invest AB, investment company for startups
FAM - INNEHAVEN. (Holdings) FAM. Accessed Oct.10.2018.
FAM - Årsredovisning 2017 (Annual Report) 2017. FAM. Accessed Oct.10.2018.
† Acturum Biovation. Biovation Park. Accessed Oct.11.2018.
‡ Owners Bergvik Skog. Accessed Oct.11.2018.
- Listed Core Investments (72% assets). Listed portfolio companies in which Investor is a significant owner.
- 11%: AstraZeneca. Global integrated biopharmaceutical company.
- 23.2%: Atlas Copco. Compressors, vacuum and air treatment systems, construction and mining equipment, power tools and assembly systems.
- 10.7%: ABB Group. Electrification products, robotics and motion, industrial automation and power grids.
- 29.9%: Electrolux AB. Household appliances and appliances for professional use.
- 23.6%: Epiroc AB. Mining and infrastructure business, spun off from Atlas Copco in Jun.2018.
- 22.5%: Ericsson. Communications technology and services.
- 42.2%: Husqvarna Group. Outdoor power products, consumer watering products, cutting equipment and diamond tools.
- 11.8%: Nasdaq Inc. Trading, information and exchange technology services.
- 28.8%: Saab AB. Products, services and solutions for military defense and civil security.
- 20.8%: SEB AB. Financial services group with main focus on the Nordic countries, Germany and the Baltics.
- 39.4%: Swedish Orphan Biovitrum AB (SOBI). Develops and delivers innovative therapies and services to treat rare diseases.
- 17.7%: Wärtsilä Corp. Complete lifecycle power solutions for the marine and energy markets.
- Patricia Industries (24% assets). Wholly- and partner-owned companies, financial investments.
- 40%: 3 Scandinavia. Mobile voice and broadband services in Sweden and Denmark. Co-owned with CK Hutchison Holdings.
- 100%: Aleris AB. Private health care and care services provider for the Scandinavian market.
- 95%: Braun Corporation t/a BraunAbility. Manufacturer of automotive mobility products; design, development and distribution of wheelchair accessible vehicles and wheelchair lifts.
- 100%: Grand Group, offers accommodation, food & beverage, spa, conference and banqueting; Grand Hôtel, Lydmar Hotel, + Hotel Drottning Kristina
- 97%: Laborie Medical Technologies Inc. Develops, designs and distributes equipment for the urology and gastroenterology sectors, with complementing and recurring high-volume sales of disposable catheters.
- 99%: Mölnlycke Health Care AB. Designs, manufactures and supplies single-use products for treatment and prevention of wounds and pressure ulcers.
- 90%: Permobil AB. Mobility and seating rehab solutions through development, production and sale of, via distributors, powered and manual wheelchairs, as well as cushions and accessories.
- 100%: Piab AB. Smart solutions for the automated world.
- 100%: Sarnova Inc. US specialty distributor of healthcare products for the emergency preparedness and acute care markets.
- 100%: Vectura Fastigheter AB. Develops, owns and manages real estate. Largest customers include Aleris, Grand Hôtel and Investor AB.
- Financial Investments. Consists of European, Asian and North American investments in which the investment horizon has not yet been defined. Stems from former venture capital arm "Investor Growth Capital". The 5 largest investments are: NS Focus, Madrague, Spigit, Acquia, CallFire. ref, p.12
- 19%: EQT Holdings AB, t/a EQT Partners (4% assets). Investment firm with portfolio companies in Europe, Asia and the USA. EQT operates within several different asset classes: fully-invested, equity, infrastructure, mid-market, credit and ventures funds.
- Listed Core Investments (72% assets). Listed portfolio companies in which Investor is a significant owner.
|Jul.2018||Hotel Drottning Kristina acquired by Patricia Industries' Grand Group.|
|Jun.2018|| Piab Group AB accquired from EQT Partners.|
Epiroc AB spun off from Atlas Copco, to focus on mining and infrastructure customers.
|Apr.2018||Sarnova Inc acquired by Patricia Industries, together with its family of companies: Bound Tree Medical, Cardio Partners, Emergency Medical Products and Tri-anim Health Services.|
|Dec.2017||AB Sandvik Process Systems acquisition by FAM from IPCO AB complted. Following a branding transition period, the business will be conducted under the new name of IPCO.|
|Nov.2017||Bergvik Skog underwent structural changes as part of a plan to acquire new forest assets. Bergvik Skog owns approximately 2.3 million hectares of land in Sweden and about 0.1 million hectares in Latvia. The Swedish assets are owned by its subsidiaries Bergvik Väst (83%) and Bergvik Öst (17%). The restructuring allowed Stora Enso to transfer its ownership in Bergvik Skog (49.3%) to a direct holding of ~70% of the value of the forest assets in Bergvik Väst. FAM would directly own ~15% of Bergvik Väst, and ~15% directly owned by a consortium of smaller shareholders.|
|2016||Laborie: Patricia Industries acquired a majority stake.|
|Sept.2015||BraunAbility acquired by Patricia Industries.|
|Apr.2015||Nefab: FAM acquires a 50% stake.|
|2015||Patricia Industries formed to focus on wholly-owned, unlisted investments in the Nordics and in North America.|
|Aug.2013||Lydmar Hotel AB: Grand Group became the principal owner. The remaining assets were acquired in Oct.2014.|
|Mar.2013||Permobil acquired by Investor; later becomes a Patricia Industries holding.|
|Feb.2013||Höganäs AB acquired by FAM and the Linden Group, 50% / 50%.|
|Nov.2012||Vectura: established with the purpose of building a business of care facilities in partnership with Aleris, and to efficiently manage and own real estate utilized by Investor AB and Grand Hôtel.|
|2012||Investor sold Gambro to Baxter International Inc.|
|2012||Wärtsilä Corp: Investor acquires its first stake.|
|2011||Nasdaq Inc: Investor invests in Nasdaq.|
|Jul.2010||Aleris acquired from EQT Partners by Investor; it later becomes a Patricia Industries holding.|
|Mar.2010||Saab Aerospace: BAE Systems sold half its 20% stake to Investor AB.|
|2009||Swedish Orphan Biovitrum AB: Investor invests in SOBI, an international specialty biopharmaceutical company dedicated to rare diseases.|
|2008||Saab-Scania AB: Investor sells the rest of its holdings to Volkswagen.|
|2007|| FAM, Foundation Asset Management Sweden AB, is established.|
Mölnlycke Health Care is acquired by Investor; later becomes a wholly-owned subsidiary of Patricia Industries.
|2006||Husqvarna AB was spun out of Electrolux and became an independent, listed company.|
|2004||Bergvik Skog AB was formed to acquire the Swedish forest holdings of Korsnäs and Stora Enso.|
|2000|| 3 Scandinavia: Investor and CKHH (formerly Hutchison Whampoa) start up the mobile operator.|
Saab Automobile AB: General Motors exercised its option to acquire the remaining 50%.
|1999||AstraZeneca plc: Astra and Zeneca were merged.|
|1998|| Stora Enso Oyj: Stora AB and Enso Oyj merged.|
Gambro AB: Incentive changed its name to Gambro, streamlining itself into a focused healthcare company targeting the renal care market.
|1997||Saab Aerospace: A 35% stake was sold to British Aerospace.|
|1996||Hasselblad sold to to UBS, CINVen, and the Hasselblad Management.|
|1995|| Incentive acquired the remainder of Cardo, spun off its Pump, Rail, and Door divisions as the "new" Cardo AB, which then floated on the Stockholm exchange. Incentive retained Cardo's majority shareholding in medical equipment manufacturer Gambro.|
Saab-Scania AB was de-merged into two independent companies, Scania AB and Saab AB.
|1994|| EQT Partners: The private equity firm was established, with EQT Holdings AB as its management company.|
Incentive acquired Volvo's "New Investment AB Cardo" 45% holding.
|1992||Investor AB: Investor and Providentia merged.|
|1991||Hasselblad: Incentive acquired the remainder of the shares.|
Saab-Scania AB: Investor AB completed a leveraged buyout of all outstanding shares in Saab-Scania, which became a wholly-owned subsidiary of Investor AB. The company was de-listed.
|1990||Saab Automobile AB: Investor starts to divest, selling 50% of the company to General Motors.|
|1989|| ABB Group: ASEA and Brown Boveri merge.|
Saab Automobile AB: the automobile division of Saab-Scania was restructured into an independent company.
|1985||Victor Hasselblad AB: Incentive acquires 58.1% of Hasselblad.|
|1984||Patricia formed as the acquisition vehicle for the purpose of the repurchase of Volvo’s shareholdings in Atlas Copco and Stora Kopparberg by Investor and Providentia.|
|1972||Skandinaviska Enskilda Banken (S-E-Banken) formed by the merger of Stockholms Enskilda Bank and Skandinaviska Banken, to deal more effectively with international competition and have the muscle to finance Swedish-based corporations.|
|1968||Saab-Scania AB: Saab AB and AB Scania-Vabis merge.|
|1967||Grand Hôtel in Stockholm is added to Investor’s portfolio.|
|1963||Incentive AB, a holding company, is established.|
|1960||Marcus Wallenberg initiated a buyback of the Ericsson shares held by ITT Inc in the USA since the Krueger Crash.|
|1956||Electrolux shares are acquired.|
|1947||Saab Automobile formed as a division of Svenska Aeroplan AB.|
|1946||Scandinavian Airlines System founded (Scandinavian Airlines § Founding) by a Sweden / Denmark / Norway partnership to handle their intercontiental air traffic. Together with the Swedish govt, the Wallenberg Group owned 3/7 of the shares in SAS. but see ref|
|1943||Svensk Interkontinental Lufttrafik AB: Marcus Wallenberg helped establish SILA to start flights between Sweden and England.|
|1937||Svenska Aeroplan AB: Marcus Wallenberg helped establish the company together with the Swedish govt to give Sweden the capability to develop fighter aircraft. The company was formed by the the merger of Svenska Aero AB and Linköping-based VASJA.|
|1932||LM Ericsson: in the wake of the Kreuger Crash, LM Ericsson and Svenska Tändsticks AB (Swedish Match) became new Wallenberg Group holdings.(Ericsson § Wallenberg era begins)|
|1925||Allmänna Svenska Elektriska AB: Investor becomes a major shareholder in ASEA (later ABB).|
|1924||Astra AB was acquired from the Swedish govt by a private consortium, of which Jacob Wallenberg was a member. ref See also AstraZeneca plc#Astra AB.|
|1916||Investor AB and Forvaltnings AB Providentia founded as holding companies for Stockholms Enskilda Bank's holdings, due to a new law restricting banks from owning shares.|
|1878||Economic crisis in Sweden; Stockholms Enskilda Bank rescues some corporate clients, and becomes an active owner. The holdings included Atlas Copco, AB SKF and Stora Enso.|
|1856||Stockholms Enskilda Bank founded.|