FAM, Navigare Ventures, Nineteen Private Capital, and Thisbe have been integrated into Wallenberg Investments, to develop and simplify the ownership governance and capital management of the Wallenberg foundations. Asset management is now organized into five investment units: Industrials, Real Assets, Alternative Funds, Special Investments and Ventures. Read more below.

FAM completes acquisition of Sandvik Process Systems (SPS)

Today, FAM AB (FAM) finalized the acquisition of Sandvik Process Systems (SPS) from Sandvik AB.

“We are pleased to become the new owner of SPS. The company is a leading global supplier of industrial process solutions with strong market positions and the company fit wells among FAM’s holdings. We look forward to working with the board of directors, management and employees to develop SPS as an independent and focused company”, says Lars Wedenborn, CEO FAM.

“SPS is a specialized business with strong performance over a long period of time. FAM, with its stable, long-term philosophy of ownership, is the perfect owner to take SPS to the next level, which will enable us to further increase our efforts in innovation, growth and profitability", says Henrik Furhoff, CEO SPS.

After a transition period, the business will be conducted under the new name of IPCO.

For further information please contact:

Lars Wedenborn, CEO FAM
Phone: +46 735 237 735
Email: [email protected]

About FAM AB:
FAM AB is a privately owned holding company that manages assets as an active owner with a long-term ownership horizon. FAM is owned by the three largest Wallenberg foundations. FAM’s largest holdings are SKF, Stora Enso, Munters, Bergvik Skog, Höganäs and Nefab. FAM’s assets amount to approximately SEK 45 billion.

About Sandvik Process Systems:
Sandvik Process Systems is a world-leading supplier of advanced industrial process solutions based on high-end steel belts, steel belt-based equipment, and process solutions within related technologies. The company has global operations with approximately 600 employees in Asia, Europe, North America, and South America. In 2016, sales totaled approximately SEK 1.7 billion.