The family’s investment vehicle Investor AB separately announced that Fred Wallenberg, born 1990, would be recommended for its board of directors at the next annual general meeting.

STOCKHOLM–Scientific and analytical instruments provider Advanced Instruments agreed to buy Nova Biomedical in a deal that values the company at $2.2 billion, including debt. Advanced Instruments is ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Wallenberg family of industrialists has stepped up its succession planning, placing the first members ...

Swedish family Wallenberg wields immense influence. Their wealth rivals Elon Musk’s, yet their name is unfamiliar to most – a testament to their preference for discretion over fame. Bitte ...

A unit of Investor AB, the investment firm controlled by Sweden’s Wallenberg family, will buy medical device maker Nova Biomedical in a $2.2 billion deal. The deal will see Nova Biomedical merge ...

Mr. Wallenberg has been Non-Executive Chairman of the Board of Investor AB since 2005. Founded by the Wallenberg family in 1916, Investor AB holds long-term positions in global companies.

On May 29, Djurgården, Stockholm’s exclusive enclave of wealth and power, buzzes with activity. One car after another slips into the driveway of the estate, Täcka Udden – whose name loosely ...