Ratos Explained

Ratos AB
Type:Public
Key People:Per-Olof Söderberg (Chairman of the board), Jonas Wiström (President and CEO)
Industry:Private Equity
Products:Financial services
Homepage:www.ratos.se
Foundation:1933
Location:Stockholm, Sweden

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]

In 2019, Ratos sold the Adelswärdska house, the building on Drottninggatan in Stockholm where the head office is located. Buyers were the State Property Agency. The reason for the sale was the increasingly increased safety requirements in the environment, as the building lies between the Sagerska palace (the Prime Minister's Housing) and Rosenbad (Government Offices) and the area was increasingly blocked off. The property was purchased by Söderberg & Haak in 1938 and later became rated. Ratos may dispose of the building until 2021.[4]

Holdings

Industry

Service

Consumer goods

Other holdings

External links

Notes and References

  1. Web site: Ratos AB: Private Company Information - Businessweek. www.bloomberg.com. 2016-07-18.
  2. Book: Carr, Jack. International Corporate 1000 Yellow Book: 1990. Daniel. J.. Isbell. P.. Williams. M.. 2012-12-06. Springer Science & Business Media. 9789400907935. en.
  3. News: BRIEF-Magnus Agervald appointed new CEO of Ratos. 2016-07-18. Reuters. 2016-07-18.
  4. Web site: 2019-04-10 . Prisrekord på 178.000 kr/kvm när Ratos säljer till staten . 2022-09-08 . Fastighetsvärlden . sv-SE.

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