The Wallenberg family
The Wallenberg family has actively worked to support enterprise and science in Sweden since the mid 1850’s. It all began with the Stockholm’s Enskilda Bank in 1856, established by Andre 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.