Mergers and Acquisitions
Asea and Switzerland's Brown Boveri commenced the discussion of creating a global giant. The two merged in 1986 to create ABB. During the 1980s, Electrolux acquired more than 200 companies. The 1990s were a more difficult time for Electrolux because of heavy debt from the acquisitions and from a recession.
The acquisitions made by STORA, the formation of ABB and the multiple acquisitions made by Electrolux called for expansion of Investor's management. Investor and Providentia grew their staff from 15 to around 60, all of whom are employed by Patricia.
The eventful 1980s included many other developments for Investor: start-ups of a number of companies, and the sale and acquisition of others. One example was the establishment of the stock exchange technologies company OM (OMX today). The new company, whose purpose was to establish a market for trading in standardized options, was a huge success from the start and grew quickly. Today, OMX owns and operates the largest integrated securities marketplace in Northern Europe.
In 1991, Tetra Pak acquired Alfa Laval for approximately SEK 16 billion after more than 40 years of cooperation. Investor acquired all the outstanding shares in Saab-Scania for approximately SEK 21 billion. and the Investor share rose among the highest of all stocks during the decade - by 1,966 percent, or 20 times. At that time, Investor's business consisted of two areas, first the portfolio management of the long-term stockholdings in companies such as STORA, ASEA, Astra, SKF, Ericsson, Atlas Copco and Electrolux; second, the industrial operations of Saab-Scania.
Incentive, now an industrial conglomerate, was listed on the Stockholm Stock Exchange following its demerger from ASEA/ABB. In 1992, Investor and Providentia merged and in 1994, Investor acquired Export-Invest.