Patricia Industries consists of our wholly-owned subsidiaries, partner-owned companies and financial investments.
Patricia Industries’ key focus is to invest in and develop wholly-owned companies in the Nordics and in North America. We operate from offices in Stockholm, New York and Palo Alto, and have a separate Board of Directors.
We strive to develop strong companies that generate sustainable profitable growth for years to come.
Our wholly-owned subsidiaries are Aleris, BraunAbility, Laborie, Mölnlycke, Permobil, The Grand Group and Vectura. 3 Scandinavia was founded together with CK Hutchison Holdings (formerly Hutchison Whampoa) in 2000, and has been co-owned since. These companies have strong market positions and Corporate cultures in industries with long-term growth potential.
Patricia Industries’ portfolio also includes Financial Investments, stemming from our former venture capital arm, Investor Growth Capital. Our objective is to maximize the value and use realized proceeds for investments in existing and new subsidiaries. We are also evaluating if some holdings could become long-term investments.
Patricia Industries has full responsibility for managing the ownership in our wholly-owned subsidiaries. Our aim is to exceed 90 percent ownership, with management and the board of directors as co-owners, to ensure full alignment. 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 short-term performance. We strive to be a great owner of our existing companies and to find attractive new companies to acquire.