Forex Bank
Forex AB is a Swedish financial services company. The company was started in 1927 as a currency exchange service for travellers, at the Central Station in Stockholm. The owner of Gyllenspet's Barber Shop, according to the legend, discovered that most of his customers were tourists in need of currency for their trips. The owner began keeping the major currencies on hand.
The company was subsequently acquired by Statens Järnvägar (now SJ AB), the Swedish State Railways, which expanded the operations until it was sold off to one of the managers, Rolf Friberg, in 1965. The company was the only one apart from the banks that was licensed to conduct currency exchange in Sweden.
The company, which is still wholly owned by the Friberg family, has expanded into Denmark, Finland, Norway and Iceland and has over 60 shops, usually located at train stations or airports. The decrease in the business brought on by introduction of the euro has made the company look for alternative sources of revenue, like applying for a banking licence and attempting to move into more regular transaction services, earlier handled by Svensk Kassaservice, a subsidiary of the state owned Swedish postal company, Posten.
Since 2003 Forex is a licensed bank.
The company was subsequently acquired by Statens Järnvägar (now SJ AB), the Swedish State Railways, which expanded the operations until it was sold off to one of the managers, Rolf Friberg, in 1965. The company was the only one apart from the banks that was licensed to conduct currency exchange in Sweden.
The company, which is still wholly owned by the Friberg family, has expanded into Denmark, Finland, Norway and Iceland and has over 60 shops, usually located at train stations or airports. The decrease in the business brought on by introduction of the euro has made the company look for alternative sources of revenue, like applying for a banking licence and attempting to move into more regular transaction services, earlier handled by Svensk Kassaservice, a subsidiary of the state owned Swedish postal company, Posten.
Since 2003 Forex is a licensed bank.
List of companies of Sweden
* 3H Biomedical
* AarhusKarlshamn (AAK) (Swedish-Danish)
* Asea Brown Boveri (ABB) (Swedish-Swiss)
* AGA AB
* Alfa Laval
* Akzo Nobel (Swedish-Dutch)
* Arla Foods (Swedish-Danish)
* Arla Plast
* Autoliv
* ASSA ABLOY
* AstraZeneca (Swedish-British)
* Atlas Copco
* Avanza (not to be confused with Toyota Avanza.)
* Axel Johnson Group
o Axel Johnson AB
o Axfood
* Björn Borg
* Boliden AB
* Bonniers
* BRIO
* Cision
* Clas Ohlson AB
* Coop Norden (Scandinavian)
* DeLaval
* Digital Illusions
* Draim
* Elekta
* ELFA
* ENEA
* Eniro
* Ericsson
* Electrolux
* Ellos
* ESAB
* Fagerhult Group
* Filippa K
* Forex Bank
* Haglöfs
* Hagström
* Hasselblad
* Holmen
* Handelsbanken
* Hennes & Mauritz (H&M)
* Hestra
* Husaberg AB
* Husqvarna
* ICA AB
* Ingate
* Intertex
* Investor AB
* Investment AB Kinnevik
* J.Lindeberg (JL)
* Koenigsegg
* Kopparbergs Brewery
* Lindex
* LKAB
* Nordea(Swedish-Finnish)
* Metro International
* Micromy
* Modern Times Group (MTG)
* Nobel Biocare (Swedish-Swiss)
* Öhlins
* OMX AB
* OrganoClick AB
* Panos Emporio AB
* Paradox Entertainment
* Peak Performance
* Peltarion
* Promessa Organic
* Pågen
* Saab
* SamLogic
* Sandvik
* SAS Group (Swedish-Norwegian-Danish)
* Securitas AB
* Scania AB
* SIBA AB
* SJ AB
* Skandia
* Skandinaviska Enskilda Banken (SEB)
* Skanska
* SKF
* SSAB
* Starbreeze Studios
* Stena sphere
* Stora Enso (Swedish-Finnish)
* Svenska Cellulosa Aktiebolaget (SCA)
* Swedbank (FöreningsSparbanken)
* Swedish Match
* Tele2
* Telia Sonera (Swedish-Finnish)
* Tetra Pak
* Tieto (Swedish-Finnish)
* Trelleborg AB
* TrioAB
* TV4 AB
* V&S Group
* Vattenfall
* Volvo
* Wise Group
* WM-data
* Åhléns
Former, merged and acquired Companies
* Astra (merged into AstraZeneca)
* ASEA (merged into Asea Brown Boveri)
* AGA (acquired by Linde AG)
* Biacore (acquired by GE Healthcare)
* Bofors (acquired by Saab)
* Datasaab (former part of Saab)
* Digital Illustions Creative Entertainment (DICE) (acquired by Electronic Arts)
* Flexlink (acquired by ABN Amro)
* Föreningsbanken (merged into Swedbank)
* Göinge Mekaniska AB (merged into Skanska)
* IKEA (now seated in The Netherlands)
* Linjeflyg (acquired by SAS)
* Luxor (acquired by Nokia)
* MySQL AB (acquired by Sun microsystems)
* Nobel Industries (merged into Akzo Nobel)
* NOHAB (bankrupt 1979, spin-offs: Volvo Aero )
* Nordbanken (merged into Nordea)
* Pharmacia (merged into Amersham Pharmacia Biotech and Pharmacia & Upjohn)
* Amersham Pharmacia Biotech (merged into Amersham Biosciences)
* Amersham Biosciences (acquired by GE Healthcare)
* Pharmacia & Upjohn (merged into Pharmacia Inc.)
* Pharmacia Inc. (acquired by Pfizer)
* Saab Automobile (acquired by General Motors)
* Skandinaviska Banken (merged into SEB)
* Stockholms Enskilda Bank (merged into SEB)
* Stockholm Stock Exchange (acquired by OM AB)
* Telia (merged into Telia Sonera)
* Vabis (acquired by Scania)
* Volvo Cars (acquired by Ford Motor Company)
