Business opportunities in Sweden: Business opportunities in Sweden June 2005
A variety of business opportunities: A variety of business opportunities Business services (logistics, contact centers, shared service centers, regional HQ’s)
Venture capital
Life sciences
Information and communication technologies
Automotive and intelligent vehicle safety systems
Wood, paper and packaging
Real estate
Oil and petrochemicals
Business services: The obvious regional hub: Business services: The obvious regional hub Regional headquarters to obtain economies of scale
Qualified and experienced staff; the best availability of Nordic/Baltic native speakers
One of Europe’s most advanced logistics sectors
Hub for regional HQ’s : Hub for regional HQ’s Source: Øresundsinstitutet, 2004 Sweden’s status as the largest market in the region and its geographical location between the other Nordic countries is an important advantage.
Slide5: Best recruitment base for Nordic native personnel
2003, by citizenship Source: Nordic Statistical Yearbook 2003 55 percent of all contact centers in Sweden provide services in several Nordic languages.
Low employee turnover, high computer literacy, technically advanced infrastructure and competitive business costs
Examples of foreign investors: Examples of foreign investors Customer support:
Manpower (US)
Sitel (US)
Sykes (US)
Teleperformance (France)
twenty4help (Germany)
Supply chain/logistics:
DHL (Germany)
Goodyear Dunlop (US)
Honda (Japan)
Thomson (France)
Prologis (US
Regional headquarters:
General Motors (US)
IBM (US)
Mitsui (Japan)
Procter & Gamble (US)
Unilever (Netherlands)
Venture capital: Attractive investment opportunities: Venture capital: Attractive investment opportunities Cost-efficient access to Swedish technology
One of Europe’s most efficient venture capital markets
Experienced venture capital teams
Several Swedish funds show strong returns Fund performance: IRR since inception for a selection of funds : Several Swedish funds show strong returns Fund performance: IRR since inception for a selection of funds Source: Thomson Venture Economics
Note: Data is continuously updated and is therefore subject to change. Nordic includes Norway, Sweden, Finland and Denmark.
Calculation in € for European funds, in US$ for US funds, as of 31/12/2004. Note that he analysis is based on a sample of funds.
(number of funds)
Life sciences: A European biotech leader: Life sciences: A European biotech leader Clinical trials with superior biotech tools and supplies
Drug discovery in neuroscience, metabolic and infectious diseases
Internationally focused life science industry with some 400 companies
Ownership of the life sciences industry: Ownership of the life sciences industry Source: Invest in Sweden Agency 2005 Exemples of foreign investors
Advanced Medical Optics (US)
AstraZeneca (UK)
Fresenius Kabi (Germany)
GE Healthcare (US)
Merck Sharp & Dohme (US)
Octapharma (Switzerland)
Pfizer (US)
SHL Medical (Taiwan)
Sumitomo (Japan)
Syngenta (Switzerland)
Tamro (Finland)
Swedish life sciences: key statistics: Swedish life sciences: key statistics Employment fulltime private sector, 2004
Pharmaceuticals 23,000
Biotech 7,000
Medical equipment 11,000
Total sector 41,000
Employment, share of total private sector workforce 1.8%
Turnover private sector, 2004 (EUR m)
Pharmaceuticals 9,000
Biotech 1,000
Medical equipment 1,500
Total sector 11,500
Account of Swedish
total export, 2003 7.1%
Largest life science companies
in Sweden, 2003
AstraZeneca (UK)
Pfizer (US)
GE Healthcare (US)
Gambro (Swedish)
Fresenius Kabi (Germany) Source: Statistics Sweden and ISA, 2004
Information and communication technology (ICT) Leader in integrated solutions: Information and communication technology (ICT) Leader in integrated solutions Excellence in mobile terminals, photonics, system-on-chip and network infrastructure
World-leading R&D in wireless, mobility and broadband
1,200 ICT companies to partner with
Ownership of ICT industry: Ownership of ICT industry Source: Invest in Sweden Agency 2005 Exemples of foreign investors
Huawei Technologies (China)
Hutchison Whampoa (China)
IBM (US)
Intel (US)
LG Electronics (South Korea)
MIC (Japan)
NEC (Japan)
Samsung (South Korea)
Siemens (Germany)
ZTE Corporation (China)
Vodafone (UK)
Swedish ICT: key statistics: Swedish ICT: key statistics Employment fulltime private sector, 2004
Electronics 41,072
Services 121,193
Retail 28,167
Total industry 190,432
Employment, share of total private sector workforce 8.2%
Turnover private sector, 2004 (EUR m)
Electronics 14,683
Services 29,948
Retail 13,270
Total industry 57,901 Industry account of Swedish
total export, 2004: 12.8%
Largest ICT companies in Sweden, 2004:
Ericsson (Sweden)
TeliaSonera (Sweden/Finland)
Flextronics (Singapore)
IBM (US)
Volvo Information Technologies (Sweden) Source: Statistics Sweden and ISA, 2005
Automotive/intelligent vehicle safety systems: Pioneering vehicle safety: Automotive/intelligent vehicle safety systems: Pioneering vehicle safety Strong high-tech automotive cluster
Intelligent vehicle safety research and winter testing
Vehicle telematics and wireless ICT hotbed
Ownership of automotive industry: Ownership of automotive industry Source: Invest in Sweden Agency 2005 Exemples of foreign investors
Bosch (Germany)
Brose (Germany)
Denso (Japan)
Faurecia (France)
Ford Motors/Volvo Car (US)
General Motors/Saab (US)
Johnson Controls (US)
Knorr-Bremse (Germany)
Kongsberg (Norway)
Toyota Industries (Japan)
Valeo (France)
Swedish automotive industry: key statistics: Swedish automotive industry: key statistics Employment fulltime private sector, 2004 72,000
Employment, share of total private sector workforce 3.1%
Turnover private sector, 2004 (EUR m) 26,000 Source: Statistics Sweden and ISA, 2005 Account of Swedish total exports, 2004 13.26%
Largest automotive companies
in Sweden, 2002:
Volvo Cars (US)
Scania (Sweden)
Saab Automobile (US)
AB Volvo (Sweden)
Autoliv (US)
Wood, paper and packaging: A major Swedish industry: Wood, paper and packaging: A major Swedish industry Access to top-quality fiber from slow-growing forests
Opportunities in saw mills, wood building components and furniture
Wood component suppliers with export experience
Ownership of wood industry, 2003: Ownership of wood industry, 2003 Source: Invest in Sweden Agency 2005 Exemples of foreign investors
Acton (Canada)
Berkshire Hathaway (US)
Fenster (Germany)
Kappa (Netherlands)
Metsä-Särla (Finland)
Moelven (Norway)
Nybron Flooring (Switzerland)
Sommer (France)
Tomoku (Japan)
VestWood (Denmark)
Swedish wood industry: key statistics: Swedish wood industry: key statistics Source: Statistics Sweden and ISA, 2005 Employment fulltime, private sector, 2004
Forest 15,000
Pulp and paper 40,000
Wood processing 38,000
Packaging 6,000
Total industry 99,000
Employment private sector, share of total workforce 4.2%
Turnover private sector, 2004 (EUR m)
Forest 5,000
Pulp and paper 13,000
Wood processing 8,000
Packaging 2,000
Total industry 28,000 Account of Swedish total export, 2004 9.3%
Largest wood and paper companies
in Sweden, 2003
Stora Enso (Finland)
SCA (Sweden)
Holmen (Sweden)
Södra Skogsägarna (Sweden)
Metsä Särla (Finland)
Real estate: One of Europe’s leading investment markets: Real estate: One of Europe’s leading investment markets Liquidity comparable to the largest EU countries
Transparency and low transaction costs
Efficient business procedures and multiple financing alternatives
Ownership of institutionally held properties: Ownership of institutionally held properties Source: Invest in Sweden Agency 2005 Exemples of foreign investors
Acta (Norway)
Cardinal Capital Partners (US)
Deutsche Bank (Germany)
GE Capital (US)
Kuwait Finance House (Kuwait)
London & Regional Properties (UK)
Rodamco (Netherlands)
Royal Bank of Scotland (UK)
Vital (Norway)
Whitehall Funds (UK)
Oil and Petrochemicals: An expanding industry: Source: Invest in Sweden Agency 2005 Exemples of foreign investors
Akzo Nobel (Netherlands)
Borealis (Denmark)
Grace (US)
Hydro (Norway)
Jacobs Engineering (US)
Linde Gas (Germany)
Nynäs Group (Finland/
Venezuela)
Preem (Saudi Arabia)
Shell (UK/Netherlands)
Statoil (Norway) Center for international oil and petrochemical industries with high-quality products and cutting-edge expertise
Access to large volumes of raw materials and specialty chemicals
Well-established networks spanning industry, public authorities and universities Oil and Petrochemicals: An expanding industry