Ownership and governance
The Wallenberg family has a history of developing companies that spans more than 150 years.
The Wallenberg family has actively worked to support enterprise and science in Sweden since the mid 1850’s. It all began with Stockholm’s Enskilda Bank in 1856, established by André Oscar Wallenberg. In 1916, Investor AB was created to manage and own the industrial holdings of the bank. Since then, Investor AB has evolved into a long-term, active owner of best-in-class companies.
Patricia Industries is a part of Investor AB, Northern Europe’s largest industrial holding company, which is publically listed on Nasdaq Stockholm.
The family, through the fifth generation, is still very active in the Wallenberg Foundations, Investor AB and Patricia Industries as well as in many of the holdings. Marcus and Jacob Wallenberg both serve on the board of Patricia Industries. The Wallenberg foundations are the main owners of Investor AB, controlling 50 percent of the votes.