Ratos

Ratos AB
Public (Nasdaq Stockholm: RATO B)
Industry Private Equity
Founded 1933
Headquarters Stockholm, Sweden
Key people
 Arne Karlsson (Chairman of the board), Magnus Agervald (President and CEO)
Products Financial services
Website www.ratos.se

Ratos AB (portmanteau for Ragnar and Torsten Söderberg) is a Swedish private equity company founded in 1934 and still controlled by the Söderberg family. Ratos is listed on the Stockholm Stock Exchange.[1]

History

The Söderberg brothers established Ratos in the 1933 as a holding company for the family's growing enterprises. At the time the family was owners of Söderberg & Haak. Ratos developed with extensive ownership in companies such as Stora Kopparberg, Gränges and Esselte in addition to a wholly owned steel division. It was listed on the stock exchange in 1954.

In 1979 the steel division, that at the time was called Tibnor, was sold to the state owned SSAB as part of the re-organization of the crisis hit steel industry. After that the company expanded into new areas, including a larger number of transport companies, the hotel chain Scandic Hotels and the plumbing chain Dahl International. During this period Sven Söderberg (1928-2004) was President and CEO.[2]

The financial crisis hit Ratos with reduced profits in 1992 and Urban Jansson was appointed new CEO and the subsidiaries were either floated on the stock exchange or sold. After Arne Karlsson took over as CEO, Ratos was transformed to a private equity company.

Magnus Agervald was appointed as CEO of Ratos in July 2016, replacing acting CEO Lars Johansson.[3]

Holdings

Industry

Service

Consumer goods

Other holdings

References

  1. ↑ "Ratos AB: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-07-18.
  2. ↑ Carr, Jack; Daniel, J.; Isbell, P.; Williams, M. (2012-12-06). International Corporate 1000 Yellow Book: 1990. Springer Science & Business Media. ISBN 9789400907935.
  3. ↑ "BRIEF-Magnus Agervald appointed new CEO of Ratos". Reuters. 2016-07-18. Retrieved 2016-07-18.
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