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
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
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