We have made 50+ investments in a wide variety of industries during our near 50 years of history. This makes us one of the most active and experienced privately held investment companies in Sweden. Over the years, we have created several companies that have become market leaders in their respective niches, within e.g. offshore, bioenergy and bulk material handling.
Ownership: 100% Industry sector: Industrial machinery Headquarters: Arbrå, Sweden CEO: Peter Jonsson Years invested: 2006-
Summary: BRUKS develops, manufactures and markets machines and systems for the wood-processing industry and material handling. The product portfolio includes machines for size reduction, transport, screening, drying and processing. The company’s annual turnover is in excess of 80 MEUR.
Ownership: 51% Industry sector: Oil & gas and renewable energy for the offshore market (North Sea) Headquarters: Fife, Scotland CEO: Martin Adam Years invested: 2001-
Summary: Operating in the oil & gas and renewable energy sectors (Offshore Wind Power), BiFab is the largest fabrication company in Scotland. The company’s product portfolio includes: topside, process and accommodation modules for the oil & gas sector, and subsea and offshore structures that are designed for the renewable energy market. The company’s annual turnover varies from 85-250 MEUR year to year due to a volatile industry.
Ownership: 100% Industry sector: Software for the logistics industry Headquarters: Lund, Sweden CEO: Kent Olsson Years invested: 2004-
Summary: Consafe Logistics represents one of Europe’s leading suppliers of IT-solutions for production logistics and warehouse management applications. The company develops system solutions that include hardware and software. Consafe Logistics annual turnover is in excess of 50 MEUR.
Ownership: 88% Industry sector: IT consulting Headquarters: Stockholm, Sweden CEO: Niklas Flyborg Years invested: 2003-
Summary: Cybercom is an international consulting company that offers a broad range of connectivity solutions, secure systems and managed cloud services. With telecom sector sales driving the largest part of the corporate revenue, Cybercom divides their service offering into four customer domains; Connected Industry, Connected Consumer, Connected City, and Connected Citizen. The company’s annual turnover is in excess of 140 MEUR.
Ownership: ~26% Industry sector: Engineering and technology consulting Headquarters: Gothenburg, Sweden CEO: Markus Granlund Years invested: 2006-
Summary: Semcon is a global consulting company operating predominantly in the engineering services and product information markets. The automotive industry account for the majority of sales. Annual turnover is in excess of 280 MEUR.
Ownership: 39% Industry sector: Asset management Headquarters: Stockholm, Sweden President: Niclas Röken Years invested: 2006-
Summary: Consafe Capital Advisors is the management company for the (long/short absolute return) Alcur hedge fund which manages in excess of 100 MEUR in assets. CCA/Alcur was established by JCE and the founding management team in 2006/07.
Ownership: 100% Industry sector: Asset management Headquarters: Gothenburg, Sweden CIO: Ulf Gillberg Years invested: 2015-
Summary: JCE Asset management is 100% owned and managed by JCE. The company started operations in 2015 after an internal re-organization to consolidate all financial investments in the company. The company is primarily involved in asset management and holds a diversified portfolio of marketable securities and similar investments, including, stocks, bonds, funds, ETFs, etc.
Current Investments - JCE Real Estate & Others
Ownership: 100% Industry sector: Timberland investments Headquarters: Panama City, FL, USA Years invested: 2011-
Summary: Continental Forest invests in timberland in Southeast US - primarily in Florida. (Swedish timberlands are privately owned by the Ericsson family. www.mossoja.se)
Ownership: Minority investment (1) Industry sector: Diversified holding company Headquarters: Santiago, Chile Years invested: 1997-
Summary: JCE Chile is a holding company managing various South American investments.
Ownership: Minority investment (1) Industry sector: Hardware products Headquarters: Santiago, Chile Years invested: 1989-
Summary: Representationes JCE is a Chilean importer of hardware products used within forestry, agricultural, gardening, etc. Products are sold through external distributors with bulk of sales being related to Husqvarna.
Ownership: Minority investment (1) Industry sector: Fishing products Headquarters: Curitiba, Brazil Years invested: 2011-
Summary: Aquabrazil imports various equipment for the recreational fishing market, which is mainly sold through external distributors. The Aquabrazil product range includes a mix of proprietary and external brands.
Ownership: Minority investment (1) Industry sector: Hardware products Headquarters: Curitiba, Brazil Years invested: 1995-
Summary: Nordtech is an importer of hardware products used within forestry, agriculture, gardening, etc. Products are sold through external distributors. The product range includes a mix of both proprietary and external brands, including: Tecumseh, Tekna, Oregon, DuraLine, etc.
Ownership: Minority investment (1) Industry sector: Hardware products Headquarters: Curitiba, Brazil Years invested: 2005-
Summary: Toyama products include proprietary generators, engines, chain saws, lawn movers, and a range of construction machinery. Manufactured and developed by Chinese suppliers, Toyama products are primarily targeted towards non-professional end-users and are sold throughout South America.
(1) JCE Group AB holds, directly or indirectly, minority investments in a number of South American companies, which are majority owned by the Ericsson family through other entities than JCE Group AB.
Container Safe J C Ericsson
“Already after one year, more than 60% of the Scandinavian ro-ro tonnage was equipped with the Container Safe lashing system”
Ownership: 100% Industry sector: Lashing system, containers and container derivatives, etc. Years invested: 1971-1981
Summary: JCE’s founder, J Christer Ericsson, started his career as a Master Mariner. As a result of working at sea for several years, he came up with the idea of using polyester webbing to lash down trailers on board ships and founded the company Container Safe J C Ericsson. The company set out to develop a complete system for lashing trailers as well as containers at sea and, in parallel, extended the same concept to include lashing of land-based goods carriers such as trucks and rail cars.
From lashing of cargo, the idea grew to expand into containers, which was a growing market. Thus, in 1973, Container Safe (now “Consafe”) started to sell and lease used containers to building contractors in need of onsite storage, after which the concept was extended to include other areas. The strong demand for the company’s containers resulted in the company becoming the largest Swedish container leasing company already in 1973. The modules were initially produced by various subcontractors in Sweden. However, in 1974, container manufacturing was also established in Bombay, India, through a joint venture.
As the basic concept was easy to copy, competition in the lashing segment grew quickly. Thus, in 1981, Christer decided to sell the lashing business to focus on other business ventures.
“Pioneer and world leader in offshore accommodation”
Ownership: Listed on the Stockholm Stock Exchange in 1982 Industry sector: Offshore accommodation platforms Years invested: 1977-1985
Summary: Consafe Offshore was established to explore the new market opportunity of accommodation platforms. The company ordered the world’s first purpose-built semisubmersible accommodation platform, or “floatel”, from Götaverken Cityvarvet shipyard in Gothenburg in 1977, which was later followed by 11 additional new-buildings from 1979 to 1985, making it the world market leader in offshore accommodation at that time.
In 1985, there was a sudden decrease in the oil price. This resulted in low utilization of the company’s platforms as several contracts suddenly were cancelled within a short period of time. Having debt financed large part of the company’s expansion and with a very uncertain market outlook, the company unfortunately went into bankruptcy.
Good Morning Hotels
“Translated the idea behind offshore accommodation into onshore hotels”
Ownership: 100% Industry sector: Hotels Years invested: 1988-1999
Summary: JCE established Good Morning Hotels with the ambition to create a chain of budget hotels which were either owned by JCE or run by third parties under franchising agreements. The hotels were designed by the famous Swedish architect Gert Wingårdh and built around the same modular system used for the accommodation, catering and living spaces of offshore and passenger vessels.
In 1999, Good Morning Hotels was sold to the international hotel chain Accor. At the time of sale, Good Morning Hotels had 21 hotels, of which 17 hotels in Sweden and 4 in Finland. Most of the hotels are today operated by Accor under the name IBIS.
“Comeback into the offshore oil service industry”
Ownership: 100% / ~30% Industry sector: Offshore services Years invested: 1997-2004
Summary: In 1997, JCE acquired three semi-submersible construction and accommodation service rigs (“floatels”) from UBS Private Equity and Phildrew Ventures, after which Safe Offshore was established as the rig owning company and listed on the Oslo Stock Exchange. In late 1997, Safe Offshore and the Norwegian listed company Procon Drilling merged to form Prosafe.
In February 1998, JCE sold its subsidiary Consafe Engineering, a UK based supplier of accommodation, standardized or customized modules for the offshore industry, to Prosafe. The rationale for Prosafe was to become a “one-stop-shop” within offshore services for the oil & gas industry, by combining the provision of floatels, drilling services and engineering and fabrication services to the offshore oil & gas industry. In 2004, JCE decided to sell its shareholding in Prosafe to concentrate on other investments.
Consafe Offshore (the sequel)
“The first new build floatel in 25 years”
Ownership: Listed on the Olso Stock Exchange Industry sector: Offshore accommodation and service platforms Years invested: 2004-2006
Summary: In 2004, JCE foresaw an increased demand for semi-submersible accommodation and construction support service platforms (“floatels”) for the future development of offshore oil and gas fields. Thus, JCE acquired two semi-submersible drilling rigs from Transocean for conversion to floatels. JCE also ordered the first purpose built floatel for more than 20 years, from Keppel Shipyard in Singapore. In 2005, JCE created a separate floatel business by establishing the company Consafe Offshore.
JCE extended the shareholder base in the company through a private placement, followed by a listing on the Oslo OTC list, followed by additional offerings. After the acquisition of an accommodation jack-up rig, Consafe Offshore now controlled four accommodation rigs and had become number two in the world for accommodation and service platforms.
In 2005, Consafe Offshore was listed on the Oslo Stock exchange in order to finance continued expansion. In mid-2006, Consafe Offshore was acquired by the Norwegian company Prosafe through a public takeover (share offer).
Green Circle Bio Energy
“Establishing a world leader in bio pellets”
Ownership: 100% Industry sector: Renewable energy/bio pellets Years invested: 2006-2015
Summary: In 2006, JCE was convinced of the future need and business potential for renewable energy. After having secured a long-term contract with a major European utility company for the supply of industrial pellets, Green Circle was established in Cottondale, North West Florida, due to its strategic location.
Green Circle started by designing a pellet plant with an annual projected technical capacity of up to ~500 000 metric tons and production began in May 2008. At the time of opening, it was the world’s largest operating pellet plant, with most competitors producing only 30-150 000 tons per factory. The plant's capacity was later extended to 650 000 metric tons. Green Circle sold its pellets to several European customers, mainly on long-term contracts. Its primary segment was the industrial market, selling to power companies and Combined Heat and Power (CHPs) companies that replace coal with biomass (so called “co-firing”).
In January 2015, Green Circle was sold to affiliates of Enviva Holdings, a private equity-backed US company and the world's largest producer of wood pellets.
“Industry driver in making the world more connected”
Ownership: 88% Industry sector: IT Consulting Years invested: 2003-
Summary: JCE's involvement in the IT consulting firm Cybercom started in 2003, when JCE’s subsidiary Consafe Infotech was acquired by Cybercom, after which JCE became a 10% shareholder in Cybercom. Recognising the long-term potential, JCE continued to invest in the company and in 2006 JCE’s ownership had increased to 42%. In 2012, Hampus Ericsson became Chairman of the Board in Cybercom.
During the coming years, Cybercom became a market leader within the connectivity area but profitability levels remained unsatisfactory. However, JCE saw the potential in making the decision process and necessary restructuring work more efficient as a private company and as part of JCE. Thus, in 2015, JCE (88%) together with investment company Tequity (12%) launched a public offer for the remaining outstanding shares in Cybercom. The Cybercom share was de-listed from Nasdaq Stockholm end of 2015 and the company is today managed as an unlisted core holding within JCE Industries.
JCE Group AB
P.O. Box 53230
SE-400 16 Göteborg, Sweden
Visiting address Högåsplatsen 3
SE-412 56 Göteborg, Sweden