Patricia Industries develops companies – in the Nordics and North America – with strong customer relationships, brands and organizations.
Building great companies since 2015
Since 2015, Patricia Industries has focused on building companies for long-term growth and lasting impact. It has been a decade shaped by long-term ownership, strong partnerships and a shared ambition to build great companies. We are proud of what we’ve achieved together – and excited about the journey ahead.
In short
We are the only owner in our companies and hence the sole source of owner direction and expectation-setting vis-à-vis our subsidiaries. Our main priority is to be a great owner of our existing companies, but we also look for new companies to acquire.
Patricia Industries is a part of the industrial holding company Investor AB, whose main owner is the Wallenberg Foundations.
Our business concept
Our business concept is to build wholly-owned companies in the Nordics and North America within three prioritized areas: healthcare, industrial technology, and infrastructure. We focus on industries with long-term growth potential where our experience, knowledge and network give us an edge. We have a long-term ownership horizon, and the aim is to exceed 90 percent ownership, with the companies’ managements and boards of directors as co-owners, to ensure full alignment of interest.
Our vision
Long-term value creation
Our vision is to be a great home for great companies. This means that we want to be a force for long-term value creation for our companies, including investments in organic and inorganic growth, development of strategies that generate sustainable profitability for years to come, investments in innovation and sustainability in our subsidiaries’ markets and communities, with a long-term perspective that extends beyond short-term market pressures.
Focus areas
Our future-proofing initiatives
At Patricia Industries we constantly work with future-proofing our companies. This work entails a simultaneous focus on short- and long-term performance. Our focus areas include profitable organic growth, talent, innovation, digitalization and AI, geographic expansion, and sustainability, all critical to the future success of our companies.
Governance
The boards of Patricia Industries’ companies are typically composed of independent directors from our network and investment professionals from Patricia Industries, led by an independent, non-executive chair.
Ownership
The Wallenberg family has been developing companies for over 150 years
The Wallenberg Foundations, the largest owner in Investor AB, is the leading private donor of funds to Swedish research and science, second only to the Swedish state. Grants to research and science have averaged approximately SEK 2 bn. annually over the past few years.
The Wallenberg family
The Wallenberg family has actively worked to support enterprise and science in Sweden since the mid 1850s. It all began with Stockholms 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.
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 leading private donors of funds to Swedish research and science, only second to the Swedish state. Grants to research and science have averaged approximately SEK 2 bn. annually over the past few years.
Ownership
Patricia Industries is a part of Investor AB, Northern Europe’s largest industrial holding company, which is publicly listed on Nasdaq Stockholm.
The main owners of Investor AB are the Wallenberg Foundations, controlling 50 percent of the votes.