Latour

What Latour does

Investment AB Latour (publ) is a Swedish mixed investment company founded in 1985 and listed on NASDAQ Stockholm (ticker LATO-B) with headquarters in Gothenburg. The firm operates two parallel value-creation engines: a wholly-owned industrial operations portfolio generating SEK 27,838 million in revenue (R12 Q1 2026) with a blended 13.8% operating margin and 10,120 employees, and a listed equity portfolio of Nordic industrial champions valued at SEK 74,801 million as of May 2026. Total investment portfolio market value stood at approximately SEK 88 billion as of February 2026, with company market capitalization of SEK 121 billion in Q1 2026 and net asset value of SEK 216 per share.

The wholly-owned industrial operations are organized across seven business areas: Swegon (ventilation/indoor climate, SEK 10,091M), Hultafors Group (hand tools/workwear, SEK 6,668M), Innovalift (elevator components, SEK 3,416M), Nord-Lock Group (bolting solutions, SEK 2,146M at a 26.9% operating margin), Bemsiq (building energy management, SEK 2,132M), Caljan (track and trace/logistics, SEK 1,632M), and Latour Industries (forestry and industrial holdings, SEK 1,774M). The listed portfolio includes long-term strategic stakes in ASSA ABLOY, Securitas, Sweco, TOMRA, HMS Networks, Alimak Group, Fagerhult, Nederman, Troax, and CTEK.

Latour generates returns through a combination of organic growth and acquisitions across its subsidiaries, capital appreciation in its listed holdings, and dividend income, returning cash to shareholders via a growing ordinary dividend (SEK 5.10 per share proposed for 2025, up 10.9%). The company pursues a decentralized active ownership model, completed seven acquisitions in 2025 adding approximately SEK 2 billion in annual turnover, and funded this activity through an SEK 2.25 billion MTN bond program. Leadership comprises CEO Johan Hjertonsson, CFO Mikael J. Albrektsson, COO Heléne Mellquist, and incoming CIO Andreas Örje Wellstam (effective April 2026, promoted from CEO of Swegon). The firm was founded by Gustaf Douglas and remains an independent listed entity with no parent company.

Name

Latour

Legal name

Investment AB Latour (publ)

Website

https://latour.se

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Investment AB Latour is a Swedish mixed investment company (founded 1985, NASDAQ Stockholm: LATO-B) that combines wholly-owned industrial operations across seven business areas — ventilation, hand tools, elevator components, bolting, logistics, and forestry — with a listed Nordic industrial equity portfolio.

Ownership category

akta.pro rank

Headquarters

HQ city

Göteborg

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Portfolio Returns: Returns from listed investment portfolio including ASSA ABLOY, Securitas, Sweco, TOMRA, and other Nordic industrial companies. The portfolio is valued at approximately SEK 88 billion with net asset value of SEK 216 per share.
2. Industrial Operations Revenue: Revenue from wholly-owned subsidiaries across ventilation (Swegon - SEK 10,091M), hand tools (Hultafors - SEK 6,668M), elevator components (Innovalift - SEK 3,416M), building equipment (Bemsiq - SEK 2,132M), bolting technology (Nord-Lock - SEK 2,146M), track and trace (Caljan - SEK 1,632M), and forestry equipment (Latour Industries - SEK 1,774M). Total R12 Q1 2026 revenue of SEK 27,838M with operating margin of 13.8%.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Latour is a mixed investment company that owns and actively manages seven wholly-owned industrial business areas producing ventilation systems, hand tools, bolting technology, elevator components, building automation, logistics/track-and-trace solutions, and forestry equipment. It simultaneously holds a SEK 74.8 billion listed equity portfolio of ten Nordic industrial companies. Total industrial revenue was SEK 27,838 million R12 Q1 2026 across 10,120 employees.

Product overview

Investment AB Latour is a mixed investment company operating two main segments: wholly-owned industrial operations and a listed investment portfolio. The wholly-owned industrial operations consist of seven business areas (Bemsiq, Caljan, Hultafors Group, Innovalift, Nord-Lock Group, Swegon, and Latour Industries) generating combined revenues of SEK 27,838 million with 10,120 employees. The listed portfolio includes ten holdings (ASSA ABLOY, Securitas, Sweco, TOMRA, HMS Networks, Alimak Group, Fagerhult, Nederman, Troax, and CTEK) with a total market value of SEK 74,801 million. Latour Industries specifically manages forestry equipment (Alstor) and other industrial acquisitions, while Latour Future Solutions focuses on future-oriented technologies. The company also maintains a sustainability-linked MTN bond program and follows science-based targets for climate action across all holdings.

Differentiator

Problem solved

Functional benefit

Brands

• Swegon: Indoor environment products including ventilation systems
• Bemsiq
• Caljan
• Hultafors Group
• Innovalift
• Nord-Lock Group
• DENSIQ

Products and services

• Swegon (Ventilation and Indoor Climate)
• Hultafors Group (Professional Hand Tools and Workwear)
• Nord-Lock Group (Bolting and Tensioning Solutions)
• Innovalift (Elevator Components)
• Bemsiq (Building Automation and HVAC Controls)
• Caljan (Material Handling and Logistics)
• Latour Industries (Forestry Equipment and Industrial Holdings)
• Listed Investment Portfolio Management
• Latour Future Solutions

Quantifiable outcome

• Net asset value increased 2.4% to 216 SEK per share in Q4 2025
• +3 more outcomes

Named customers2 records

Segments8 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• LaminAircoreOthers · 23 June 2026Latour acquired Swiss ventilation distributor LaminAir through its portfolio company Swegon, marking expansion into the Swiss market. LaminAir traces its roots to ABB and strengthens Latour's ventilation operations in Europe.
• Scandinavian Sealing ABminorOthers · 2 January 2026Latour acquired 100% of Scandinavian Sealing AB through its wholly-owned subsidiary DENSIQ Group AB. Founded in 2003, the company provides leak sealing and pipe sealing services for process industry with approximately SEK 15 million turnover and 4 employees.
• Alstor ABcoreOthers · 11 December 2025Latour acquired 100% of Swedish compact forestry machinery provider Alstor AB through subsidiary Latour Industries, strengthening Latour's position in the forestry equipment market.
• ArkelminorOthers · 23 January 2025Latour's subsidiary Innovalift AB completed acquisition of Turkish elevator component manufacturer Arkel, aligning with Latour's strategy to expand geographic reach and complement product portfolio.
• Voice of the Ocean FoundationminorStrategic or Co-development Partner · 1 January 2025Latour entered a partnership with Voice of the Ocean in 2025 by contributing to the film project Ocean Dreams – Stories of Hope. The partnership supports ocean conservation and knowledge-building activities around the Baltic Sea and internationally.
• HOWATHERMcoreOthers · 22 November 2024Latour's subsidiary Swegon Group AB acquired German modular air handling unit manufacturer HOWATHERM, strengthening Swegon's position in the European HVAC market.
• Solar Sisters / Social Initiative Women & ClimateminorStrategic or Co-development PartnerLatour participates in the Social Initiative Women & Climate, supporting female entrepreneurship through Solar Sisters program which trains women to sell solar lamps in Tanzania, providing clean energy access to approximately 250 people per entrepreneur while reducing carbon emissions.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Investor AB: Swedish mixed investment company combining a listed equity portfolio (e.g., Atlas Copco, ABB, SEB, Sobi) with wholly-owned operating businesses via Patricia Industries. Most direct structural comparable to Latour with same dual-engine capital allocation model.
• Industrivärden: Swedish long-term investment company focused on listed Nordic industrial holdings (Sandvik, Volvo, Atlas Copco, Essity, SCA). Closely comparable in portfolio philosophy and Nordic industrial focus, though without Latour's wholly-owned industrial operations.
• Kinnevik: Swedish investment company with focus on consumer and tech sectors (Tele2, Global Fashion Group, Zalando). Comparable Swedish mixed-investment structure with listed holdings and direct private investments, though tilted to growth-stage consumer rather than mature industrials.
• Ratos: Swedish industrial holding company that owns and develops Nordic industrial companies (Aneo, HENT, Speed Group, Plantasjen). Closely comparable operating model to Latour's wholly-owned industrial operations, focused on decentralized ownership of B2B industrial businesses.
• Lundbergs: Swedish family-controlled investment company with long-term holdings in listed Nordic industrials (Holmen, Husqvarna, Industrivärden, Atlas Copco). Direct comparable on Nordic family-controlled long-term ownership philosophy.
• Svolder: Swedish investment company focused on listed small- and mid-cap Nordic equities. Smaller and pure-play listed portfolio vehicle but directly comparable in Swedish long-term equity investment philosophy.
• Stena Sessan: Swedish investment company controlled by the Stena sphere, with listed Nordic equity holdings. Smaller and more concentrated than Latour, but directly comparable Swedish family-controlled long-term investment vehicle.

Broad incumbents

• Exor NV: European holding company controlled by the Agnelli family with diversified holdings across Ferrari, Stellantis, CNH, and The Economist. Comparable diversified long-duration holding model but at much larger scale and broader geographic footprint than Latour.
• Berkshire Hathaway: Iconic US diversified holding company with wholly-owned operating subsidiaries and a large listed equity portfolio. Shares the long-term decentralized holding philosophy with Latour, though at vastly larger scale and broader mandate.

Regional players

• Sampo Oyj: Finnish financial holding company with major listed stakes in Nordic insurance and financial services (Nordea, Topdanmark, Hastings). Comparable Nordic mixed-investment structure, though financial-services-focused rather than industrials.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/investment-ab-latour
• Facebookfacebook.com/profile.php

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries12 records

Funding overview

Funding rounds5 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Latour