Description Industrivärden's roster reads like a who's who of Nordic entrepreneuralism. The holding company invests in midsized and large public Nordic companies with an emphasis on industrial manufacturers and financial services. (Industrivärden is a Swedish word meaning "industrial value".) It owns stakes in companies including financial services group Handelsbanken, telecom company Ericsson, toolmaker Sandvik, and paper products maker Svenska Cellulosa. The company prefers to take long-term significant stakes in companies in which it can take an active ownership role. Industrivärden was established in 1944; Ericsson was its sole original investment.