Who Owns NYAB Company?

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Who Really Owns NYAB Company?

Unraveling the ownership structure of a company is key to understanding its strategic direction and future prospects. NYAB, a prominent player in Northern Europe's infrastructure and renewable energy sectors, has undergone significant transformations, including a merger and re-domiciliation. Understanding who owns NYAB is crucial for investors and stakeholders alike.

From its roots in 2011 to its current status, NYAB's ownership has evolved, reflecting its growth and strategic shifts. This analysis explores the NYAB SWOT Analysis, delving into the major shareholders, the leadership team, and the overall NYAB company ownership structure. Discover the key players shaping the future of this dynamic company and gain insights into its financial performance, including its impressive revenue and operating profit reported at the end of 2024. Knowing who owns NYAB is essential for anyone following the NYAB stock.

The story of NYAB Company Ownership began in 2011. While the exact initial ownership details are not publicly available, the company's early structure was significantly shaped by key individuals and subsequent financial transactions.

Johan Larsson, identified as a founder, is also linked to Holding Investment Förvaltning i Luleå AB, the largest shareholder of NYAB AB. Mikael Ritola is another founder. These individuals played a crucial role in the company's inception and early development.

The ownership landscape of the NYAB company underwent a major shift in the spring of 2022. This change occurred due to a reverse takeover involving the Finnish company Skarta Group.

Founders

Johan Larsson and Mikael Ritola are identified as founders of NYAB.

Early Shareholders

Holding Investment Förvaltning i Luleå AB, linked to Johan Larsson, was a significant early shareholder.

Reverse Takeover Impact

The reverse takeover of Skarta Group in 2022 dramatically altered the ownership structure.

Share Issue Details

A directed share issue of 197.5 million euros was part of the transaction.

Ownership Percentage Shift

NYAB Sverige AB's shareholders gained 59% ownership after the reverse takeover.

Financial Transaction

The acquisition of NYAB Sverige AB involved a purchase price of 200 million euros.

Key Takeaways on NYAB Company Ownership

The initial ownership of the NYAB company was influenced by its founders, with significant changes occurring through a reverse takeover in 2022. This transaction, valued at 200 million euros, involved a share issue that gave NYAB Sverige AB's shareholders a 59% stake. The ownership structure has evolved since its inception, with key figures like Johan Larsson playing a pivotal role. For more detailed insights, consider reading the article on [NYAB's financial performance](0).

• Johan Larsson and Mikael Ritola were instrumental in the company's early stages.
• The reverse takeover in 2022 was a pivotal event, reshaping the ownership.
• NYAB Sverige AB's shareholders became majority owners after the transaction.
• The financial details highlight the scale of the acquisition and its impact on the NYAB shareholders.

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The ownership of the NYAB Company has seen significant shifts, especially with its move into the public market. The company's shares are now traded on Nasdaq First North Premier Growth Market Sweden. Understanding the NYAB Company Ownership structure is key for investors and stakeholders alike. The transition from a private to a public entity has brought about changes in the shareholder base and overall governance of the company.

A major event influencing the NYAB company ownership structure was the re-domiciliation from Finland to Sweden, finalized on June 27, 2024. This move included transferring its listing from Nasdaq First North Growth Market Finland to Nasdaq First North Premier Growth Market Sweden. This strategic decision, supported by approximately 88.7% of the shareholders, underscores the company's commitment to growth and expansion within the Nordic region. This shift also impacted the NYAB stock and its trading dynamics.

As of April 30, 2025, the major NYAB shareholders include Holding Investment Förvaltning AB, holding 35.03% of the shares, and Säthergrens Entreprenad AB, with 10.46%. Other key shareholders include Andament Oy (9.33% as of March 31, 2025), Laisdalen Konsult, AB (5.33% as of April 30, 2025), and SEB Life International Assurance (3.09% as of April 30, 2025). The company is led by CEO Johan Larsson, the founder and a major shareholder. As of December 31, 2024, the Board and Executive Management, along with related entities, collectively owned 42.2% of all shares. To learn more about the company's strategic direction, you can refer to the Growth Strategy of NYAB.

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The General Meeting of NYAB AB is the primary decision-making body, where shareholders exercise their voting rights. The Board of Directors oversees the administration and operations of the company, including setting strategy, defining objectives, monitoring financial performance, and evaluating management. According to the Articles of Association, the Board can have a minimum of three and a maximum of nine members. Understanding Revenue Streams & Business Model of NYAB can provide further insights into the company's operations.

As of March 2024, the Board was proposed to consist of nine members. The proposed members for re-election included Jan Öhman (Chairman since September 2023), Markku Kankaala (Vice Chairman), Lars-Eric Aaro, Anders Berg, Barbro Frisch, Johan Larsson, Johan K Nilsson, and Jari Suominen. Mikael Ritola, a co-founder and member of the Executive Management Team, was not proposed for re-election to the Board in March 2024, aligning with the Swedish Corporate Governance Code, though he remains in the Executive Management Team.

Johan Larsson, the CEO, is not considered independent due to his ownership stake in Holding Investment Förvaltning i Luleå AB, a significant shareholder. Johan K Nilsson's independence is compromised because his law firm provides legal services to the group. Jan Öhman and Jari Suominen are independent of both the company and its major shareholders. NYAB operates on a one-share-one-vote structure for its shares traded on Nasdaq First North Premier Growth Market Sweden. This structure gives each share equal voting power, influencing the overall NYAB company ownership and the decisions made by NYAB shareholders.

Key Takeaways on NYAB's Board and Voting Power

The Board of Directors is responsible for overseeing the company's operations and strategy.

• The Board composition includes both independent and non-independent members.
• The CEO, Johan Larsson, is not considered independent due to his shareholder connection.
• NYAB uses a one-share-one-vote system, ensuring equal voting rights for all shareholders.
• The General Meeting is the highest decision-making body for NYAB shareholders.

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In the past few years, the ownership structure of the NYAB Company has seen significant changes. A key development was the re-domiciliation from Finland to Sweden, completed on June 27, 2024, and the subsequent listing on Nasdaq First North Premier Growth Market Sweden. This strategic move, backed by major shareholders, streamlined the company's operations and enhanced its market presence.

Further expanding its footprint, in January 2025, NYAB acquired businesses from Dovre Group, extending its reach into Norway and other global regions. This acquisition is expected to fuel further geographical expansion. The year-end report for 2024, released on February 26, 2025, showed strong financial results, with a revenue increase of 23.4% to EUR 345.9 million and an operating profit (EBIT) growth of 66.9% to EUR 25.4 million. The Board of Directors proposed a dividend of EUR 0.01 per share for 2024, which represents 42% of net profit.

As of April 30, 2025, Holding Investment Förvaltning AB, under the joint control of CEO Johan Larsson and COO Mikael Ritola, remained the largest shareholder, holding 35.03% of the company. This concentration of ownership indicates a strong alignment between the company's leadership and its major shareholders. The company has also been actively engaged in various large-scale infrastructure and energy projects in 2025, securing significant contracts, such as a SEK 409 million project for E4 road reconstruction in Sweden and a SEK 164 million contract for the expansion of the Port of Umeå. These projects highlight the company's continued growth and strategic focus on sustainable infrastructure and renewable energy in the Nordic region.

Key Ownership Changes

Re-domiciliation from Finland to Sweden and listing on Nasdaq First North. Acquisition of businesses from Dovre Group, expanding into Norway and globally.

Financial Performance

Revenue increased by 23.4% to EUR 345.9 million. Operating profit (EBIT) grew by 66.9% to EUR 25.4 million. Proposed dividend of EUR 0.01 per share for 2024.

Major Shareholder

Holding Investment Förvaltning AB, controlled by CEO Johan Larsson and COO Mikael Ritola, held 35.03% as of April 30, 2025. This signifies strong leadership alignment.

Strategic Projects

Secured significant contracts, including a SEK 409 million project for E4 road reconstruction in Sweden and a SEK 164 million contract for the expansion of the Port of Umeå.

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