Technology companies are the hope for the future of Swedish industry

Peter Benson has an interesting editorial in Affärsvärlden comparing the success of Novo Nordisk and other Danish companies with the largest Swedish export-oriented companies. I.e. in Sweden we need to up our game as we’re not doing as well as we might think.

At the end of the article Peter highlights of how relatively un-Swedish in practical terms (based on number of employees in Sweden and where things like management & control, value creation and core competencies are located) companies like Atlas Copco, Evolution, Assa Abloy and Hexagon are.

He likely picked companies based on them being listed on the Stockholm Stock Exchange, which (in my mind) made him forget Spotify, a formally non-Swedish but still very Swedish company based on the principles (almost 2000 employees in Sweden, top management dominated by Swedes, value creation and core competencies are well-represented in Sweden). It is an example of the fact that the future of Swedish industry should be technology-heavy if we continue to invest in, build and own startups for the long term.

Author: Henrik Torstensson

Partner at Alliance VC. Investing in Nordic early-stage tech startups.

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