A great home for great companies

Patricia Industries is a long-term owner that invests in companies and works to develop each company to its full potential. Patricia Industries is a part of the industrial holding company Investor AB, whose main owner is the Wallenberg Foundations.

In short

Patricia Industries develops companies – in the Nordics and North America – with strong customer relationships, brands and organizations.

We focus on industries with long-term growth potential where our experience, knowledge and network give us an edge. We are the only owner in our companies and hence the sole source of owner direction and expectation-setting vis-à-vis our subsidiaries. We enjoy the full impact of our ownership in our companies, but we also have full responsibility. As owners, we rely on strong and independent boards to ensure that we are building strong and healthy companies for the long term, while simultaneously creating the necessary urgency around the short-term performance. We provide co-ownership to our boards and management teams to ensure alignment and a true partnership with us. Our main priority is to be a great owner of our existing companies, but we also look for new companies to acquire.

Our business concept

Our main priority is to be a great owner of our existing companies, but we also look for new companies to acquire.

Our business concept is to develop companies – in the Nordics and North America – with strong customer relationships, brands and organizations. We focus on industries with long-term growth potential where our experience, knowledge and network give us an edge. We are the only owner in our companies and hence the sole source of owner direction and expectation-setting vis-à-vis our subsidiaries. We enjoy the full impact of our ownership in our companies, but we also have full responsibility.

Our vision

Our vision is to be a great home for great companies. This is a never-ending strive for continuous improvements for us as well as for our companies.

When we say a great home for great companies, we mean that we want to be a force for long-term value creation for our companies, including investments in organic and non-organic growth, development of strategies that generate sustainable profitability for years to come, investments in innovation and sustainability in our subsidiaries’ markets and communities, regardless of pressure from market or other external forces.

Core principles

At Patricia Industries we work through our core principles.

We have a long-term perspective but are impatient in terms of driving improvements
Innovation and constant renewal are at the core of our ownership model
We focus on having the right person in the right place at the right time
We maintain financial discipline, ensuring that our companies have the funds they need to pursue long-term attractive opportunities for profitable growth

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.