News

Spin-off of Solo Rescue from GRANULDISK

Sandberg Development has decided to spin-off and concentrate the business within the subsidiary GRANULDISK’s product area SOLO Rescue.

Sandberg Development invests in water technology company SWATAB

The family owned investment company Sandberg Development invests in SWATAB (SCANDINAVIAN WATER TECHNOLOGY AB). The investment implies a growth venture with an upscaling of the organization and production, which will be built in Sandberg Development’s premises in Malmö.

We have updated our privacy policy

On the 25th of May 2018 the new regulation in EU law on data protection and privacy for all individuals within the European Union, GDPR, was implemented. In connection with this we updated our privacy policy. Please see the complete policy below.

About Sandberg Development

Sandberg Development is a family-owned investment company, with a vision to contribute to growth and social value through active ownership of innovation-driven companies. Our mission is to invest in and develop innovation and technology-driven companies based in southern Sweden.

Money should be put to work and create growth

As a committed owner, our long-term objective is to stimulate innovation and business opportunities, and to inject resources and expertise with the goal of helping companies become leaders in their sector and segment.
Our investment philosophy is based on the conviction that money should be put to work to make more money. This philosophy has guided us for almost 60 years.

Mission

Sandberg Development will develop and invest in innovation and technology-driven companies based in southern Sweden through long-term, active ownership.

Vision

By investing in new technology and innovation, Sandberg Development will contribute to growth and social value.

sales  SEK

1.2

BILLION (2017)

R&D, SEK 270 M

24%

(of consolidated sales 2017)

Equity

72%

(2017)

Subsidiaries

4

Owner

Per
Sandberg

other  holdings

3

Our subsidiaries and other holdings

Aimpoint

Aimpoint develops, manufactures and markets one of the world’s fastest, most effective and robust sighting systems for firearms, based on a Swedish red dot sight technology, for hunting, target shooting and in police and military applications.

Sales: SEK 750 M
CEO: Lennart Ljungfelt
Employees: 250
Sandberg Development’s ownership (since 1975): 100 %

Camurus

Camurus develops innovative and long-acting drugs for the treatment of serious and chronic diseases, such as opioid dependence, pain, cancer and endocrine disorders, based on its proprietary formulation technology FluidCrystal®. The Camurus share (CAMX) has been listed on Nasdaq Stockholm’s Mid Cap segment since 2015.

Sales:  SEK 54 M
CEO:  Fredrik Tiberg
Employees:  63
Sandberg Development’s ownership (since 1991):  53,7 %
(listed on Nasdaq Stockholm’s Mid Cap segment since 2015)

GRANULDISK

GRANULDISK is a market leader in commercial pot-washing machines. Since 1987, GRANULDISK has been offering sustainable commercial dishwashers that use PowerGranules at high temperatures for hygienically clean and safe wash results using substantially less water and chemicals than other solutions. GRANULDISK’s business is based on a Swedish innovation.

Sales:  SEK 175 M
CEO:  Peter Schön
Employees:  66
Sandberg Development’s ownership (since 1987):  100 %

Rescue Intellitech

Rescue Intellitech has developed a washing machine for the fire rescue services. The Solo Rescue machine cleans contaminated equipment such as gloves, helmets, boots and breathing apparatuses, helping the crew to avoid exposure to combustion gases, soot particles and toxins.

Sales:  SEK 2.3 M
CEO:  Peter Schön
Employees:  3
Sandberg Development’s ownership (since 2018):  100 %

ISEC

ISEC has developed a camera system for harsh environments, such as radioactive environments in nuclear power plants. Better surveillance helps to improve safety and reduces the need for unplanned downtime. ISEC is based in Helsingborg and the company’s monitoring systems is mainly used in Swedish, European and US power plants, but other markets are also in the pipeline, primarily in Asia.

CEO:  Martin Warenholt
Employees:  11
Sandberg Development invested in the company: 2017

ORBITAL SYSTEMS

Orbital Systems was founded in 2012 by industrial designer Mehrdad Mahdjoubi in Lund, with the aim of using innovative water technology to reduce the consumption of both fresh water and energy by developing an innovative shower that both purifies and re-uses the water.

CEO:  Mehrdad Mahdjoubi
Employees:  50
Sandberg Development invested in the company: 2018

SWATAB

SWATAB has developed an innovative system for washing textiles. The company´s unique filter system transforms ordinary tap water into a special ultrapure water that washes clean and friendly, completely without detergents and harmful chemicals.

CEO:  Katarina Klöfverskjöld
Employees:  6
Sandberg Development invested in the company: 2018

60 years of Scanian innovation

Gunnar Sandberg founded Sandberg Development in 1959. And for almost 60 years, we have been identifying and turning innovative ideas into successful companies. Working together, we grow and learn from each other as we search for new business opportunities. As a family, we want to take responsibility – for companies, and for the world around us.

We want the companies that have been with us for 30 years to receive the same support and conditions for growth as a new investment. Sandberg Development’s history is shown on the timeline. Of around 30 business operations the ones on the timeline are only a selection.

ElektroSandberg

GS Development

Sandberg Development

1959 – 1992  
ElektroSandberg
was founded by Gunnar Sandberg in 1959. The installation company was a low-voltage specialist and initially had seven employees. The company grew successfully and relocated to newly built premises on Jägershillgatan in Malmö in the early 1980s. Alongside of ElektroSandberg, the group of companies grew and invested in various innovative businesses, such as Aimpoint and GRANULDISK. By 1991, ElektroSandberg was one of the largest and leading contractors in electrical installation, automation and process control in Sweden, with 600 employees in Malmö, Lund, Halmstad and Stockholm, and Gunnar Sandberg sold the electrical installation operation to Sydkraft (E.On). The sale marked the beginning of the new industrial group, GS Development, where the other operations were gathered in 1992. The industrial group continued to successfully develop and invest in innovation and technology-driven companies and in 2015, the company was renamed Sandberg Development.
1966-1988**
ScanCoin
developed and sold coin counters and cash management solutions.
1975-
Aimpoint
created the red dot sight technology based on a Swedish
innovation that makes it possible to shoot faster and more effectively. The company is a world leader in its field.
1981-1988  
Fluidcarbon
has developed a technology that enables the use of liquid carbon as an alternative to oil.
1983-1986**
Biogram
manufactured an antiseptic cream. The cream is still sold under the name LHP.
1985-1998**
Medeon
property management company formed the starting point for Medeon Science Park in Malmö.
1987- 
GRANULDISK 
is based on a unique pot-washing method developed in Malmö. Using PowerGranules and water under high pressure at high temperatures, the pots are washed hygienically clean – with no pre-washing, while the amount of water and chemicals is reduced, contributing to a significantly positive environmental effect.
1987-1995**
Miwana 
manufacturer of eye and nose products. Renässans nose spray is still sold.
1988-1992**
Uni-Load  
manufactured pallets and cargo
loading systems for aircraft in metal. 
1988-2006**
Medical Research Centre (MFC)   
was founded as a centre for basic medical research and is now part of Region Skåne.
1992-2015
GS Development

1991-
Camurus 
was founded in Lund by biophysical chemistry researchers who had identified the possibility of using lipid structures to improve the delivery of active pharmaceutical compounds to the body. Camurus now develops drugs for the treatment of serious chronic diseases. The company was listed in 2015.
1992-1999**
International
Fertility Center   
to help childless couples with in-vitro fertilisation.
1994-1999**
Ramtec    
manufactured specialty
equipment for excavators.
2006-2016
Evy & Gunnar Sandberg Foundation
to support medical research.
2015 –   
Sandberg Development

2017
ISEC Indutrial Security
develops and produces monitoring systems for radioactive environments.
2018
Orbital Systems 

is a Malmö-based
water technology company.
2018-
Rescue Intellitech
markets a washing machine specially designed for the decontamination of fire rescue breathing apparatuses, gloves, helmets and boots.
2018
SWATAB
is a water technology company that develops and sells a unique filter technology that transforms ordinary tap water into ultrapure water, which enables a chemical-free laundry.
** The operations have continued to develop under other ownership.

Direction & strategy

our watchwords

It is our long company history, our watchwords and way of working that form our company culture, where we identify ourselves as a Family-owned Innovation-driven company with the conviction that a Long-term Approach creates World-class.

Innovation

Our companies are at the cutting edge of technology and create value for our customers.

World-class

We aim for the best – to offer the best technology,
value and profitability. 

Family-owned

We represent a 60-year-old Swedish industrial legacy that we are proud of and want to carry forward.

Long-term approach

We have shown that a long-term, sustained approach generates results in successful companies. 

Our investment philosophy

Our investment philosophy is based on the conviction that money should be put to work to make more money. This philosophy has guided us for almost 60 years.

We take a humanistic approach to running companies, where we put our employees first. We want to develop trusting relationships with our subsidiaries, holdings and employees, where confidence and entrepreneurship are the keywords for success. Our investments will contribute to long-term social value and we mainly want to grow by focusing on innovation and technology-driven companies – which is where we can offer the most knowledge and expertise. 
We mainly invest in companies that are based in southern Sweden, but operate in a global market. Proximity and regular contact are important for building trust. In our own premises, we offer a creative environment and intercompany knowledge-sharing. Sandberg Development works continuously to evaluate and analyse possible investment and acquisition targets. We are a small organisation with rapid decision-making processes. 

It has to feel right, while simultaneously offering opportunities for the company to develop with Sandberg Development as its owner. Before taking on an active ownership role, the improvement potential has to match our own expertise profile. To be the best owner for our subsidiaries and associated companies, we believe in knowledge-sharing, involvement and a local presence.
We want to improve, invest and develop – we have no stated exit strategy.

Social engagement

Sandberg Development is a corporate citizen and wants to contribute actively to a more sustainable society. 
We share our time, our knowledge and our commitment to strengthen people and the projects we are passionate about.

Some of the projects we are involved in are:

  • The Camurus Lipid Research Foundation (Kåre Larsson and Gunnar Sandberg’s research foundation). 
    For more information about the foundation, visit www.clrf.se
  • Hand in Hand, Star for Life. Sandberg Development is a long-term sponsor of the Star for Life organisation and its educational programme in secondary schools in South Africa. For more information, visit: www.starforlife.org
  • Sandberg Development also makes regular donations to charity organisations such as the Cancer Foundation, the Heart and Lung Foundation, Save the Children, the Swedish Red Cross and the Childhood Cancer Foundation and others.

Contact

Martin Jonsson,
President and CEO
Sandberg Development AB 
www.sandbergdevelopment.com                  
Jägershillgatan 26      
SE-213 75 MALMÖ
Tel: +46 40 6715005
Mobile: +46 70 6554382
email: mj(@)sbdev.com