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NOTES WITH EXPLANATIONS -- The Roots of Saab AB.
Long Version 1.2.       . May 17, 2015.
When new facts appear or errors are identified, text will be corrected accordingly.


Note2

Nydqvist & Holm AB, acronym NOHAB, started as Trollhättans Mekaniska Verkstad in 1847. Manufactured large Water Turbines for electrical power stations from 1848-1980. NOHAB was best known by public as Locomotive maker and produced around 2300 units from 1865 until 1979.
In 1916 NOHAB converted into a public company, with SKF AB as a large owner but selling its shares already 1920. NOHAB got a historic order for goods-train locomotives from Soviet Union in 1920. During 1921-24 all the 500 large steam locomotives were delivered.
Soviet Union paid for the locomotives with 56 000 kg of pure gold (123 500 lbs.)!

Bofors AB purchased shares from Göteborgs Handelsbank in NOHAB for 4 million SEK in March 1936. Bofors needed more manufacturing capacity to fill the quickly increasing market demand for their cannons. The official name of the newly formed subsidiary changed to Bofors Nohab AB. The businessman Axel Wenner-Gren was already a dominant owner of Bofors AB


                                                                                           

 

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