Stenhaga Invest Secures 100% Ownership of SAAB Factory: A Triumph in Trollhättan’s Auto Revival!

In a monumental development, Stenhaga Invest AB has solidified its position as the sole owner of the former SAAB automobile factory in Trollhättan. This achievement comes after months of strategic negotiations and meticulous planning, reaffirming Stenhaga Invest’s commitment to reviving the industrial legacy of the Saab brand in Trollhättan. Let’s explore this transformative journey in detail, building upon the previously mentioned facts.

In May, Stenhaga Invest set its sights on acquiring 80% of the former SAAB automobile factory from NEVS, which had owned it since 2012. Fast forward to today, and the deal has been sealed. Svante Andersson, CEO of Stenhaga Invest, led the charge in this strategic acquisition, which promises a bright future for Trollhättan and the automotive industry. Let’s delve into the details of this significant development.

The Transformational Acquisition

As previously discussed, Stenhaga Invest’s journey began with the acquisition of 80% of the former SAAB factory’s facilities from NEVS. This comprehensive deal encompassed 320,000 square meters of buildings and offices, as well as 800,000 square meters of land, complete with machinery and equipment. This significant acquisition laid the foundation for a new beginning in Trollhättan’s industrial landscape.

The Future of Saab’s Genetic Code

With their newfound control over the majority of the factory, Stenhaga Invest has set its sights on preserving and evolving the genetic code of Saab. As mentioned earlier, NEVS had confidentially identified a buyer for its electric vehicle production project based on the NEVS Emily GT prototype. Developed by former Saab engineers and designers, these electric vehicles are poised to carry on the legacy of Saab into the future. With Stenhaga Invest now holding the reins, the future of Saab’s genetic code becomes even more promising.

Unveiling the 100% Ownership

In a groundbreaking development, it was officially announced on Thursday, November 17, 2023, that Stenhaga Invest AB has successfully concluded the acquisition of the remaining 20% stake of the former SAAB factory from NEVS.

This momentous achievement cements Stenhaga Invest as the undisputed, 100% owner of the iconic SAAB factory. The news was met with great enthusiasm and anticipation within the industry and the Trollhättan community.

In a momentous turn of events, Stenhaga Invest has emerged as the new custodian of the revered SAAB factory. The finalization of the agreement with NEVS on Thursday was met with jubilation and excitement, as Svante Andersson, CEO of Stenhaga Invest, enthusiastically expressed, “Det känns jättebra!” (It feels fantastic!)

This sentiment underscores the optimism and ambition that surround this new chapter in Trollhättan’s history. With the former SAAB factory under their ownership, Stenhaga Invest aims to play a pivotal role in the development of Stallbacka, bringing with it the promise of new employment opportunities for the community.

On that fateful Thursday, all the puzzle pieces clicked into place, officially transferring ownership of the former SAAB factory to Stenhaga Invest. This acquisition encompasses not only the sprawling 320,000 square meters of prime real estate but also a vast expanse of 800,000 square meters, inclusive of machinery and equipment. The meticulous negotiations and deliberations had paid off, as Andersson noted, “Vi har suttit hela dan och nu är tillträdet klart” (We have been working all day, and now the access is clear).

Clarifying Stenhaga Invest’s Acquisition: NEVS retains a 20% stake in this company

In a bid to provide accurate clarity regarding Stenhaga Invest’s acquisition, it is essential to address recent statements made by Frank Smit, Vice President Vehicle Solutions at NEVS. Smit has offered a more detailed perspective on the transaction that warrants our attention.

The acquisition by Stenhaga Invest involves the purchase of 80% of the shares in the real estate company, which encompasses the manufacturing plant buildings and land area previously owned by NEVS. As it stands, NEVS retains a 20% stake in this company.

This nuanced clarification is crucial in understanding the intricacies of the deal. While Stenhaga Invest has indeed acquired the majority of the SAAB factory’s assets, NEVS maintains a significant foothold in the ownership structure. This dynamic underscores the importance of cooperative efforts between the two entities and leaves the door open for potential future collaborations or developments in the automotive industry.

As Stenhaga Invest takes the reins of the factory, the division of ownership highlights the shared responsibility and shared opportunities that lie ahead. Trollhättan’s industrial landscape is set for a transformative journey led by Stenhaga Invest, in collaboration with NEVS, with the potential to reshape the region’s automotive future.

A Visionary Future

With full ownership of the SAAB factory, Stenhaga Invest is poised to become a driving force behind the revitalization of Trollhättan’s industrial landscape. The factory, steeped in automotive history, now represents a beacon of hope for the region, promising job opportunities, economic growth, and a revival of the Saab brand’s spirit.

A Decisive Leap Towards Trollhättan’s Automotive Renaissance

In conclusion, Stenhaga Invest’s journey from acquiring 80% to now assuming 100% ownership of the former SAAB factory marks a significant milestone in Trollhättan’s history. The transition from a strategic acquisition to complete ownership reaffirms Stenhaga Invest’s dedication to Trollhättan’s industrial future.

As they embark on this transformative journey, the legacy of Saab remains at the forefront of their efforts, with the full potential to shape a brighter future for Trollhättan and the automotive industry as a whole. The world watches with anticipation as Trollhättan enters this exciting new era under the stewardship of Stenhaga Invest AB.

As the factory takes on new purpose under their leadership, it holds the promise of ushering in new employment opportunities, contributing to Trollhättan’s resurgence, and becoming an integral part of the city’s future.