Key takeaways
- Sandberg Development, the family-owned investment company behind Camurus, Aimpoint, and a wider portfolio of technology companies, has chosen Atlar to manage cash, forecasting, payments, and investments across its international group.
- The company holds stakes in more than twenty technology businesses clustered around water, safety, and quality of life; majority-owned holdings alone bring in around €265 million in revenue and employ about a thousand people.
- Treasury is run by Treasury Manager Maria Olander, with cash spread across many legal entities, several currencies, and banks on both sides of the Atlantic, plus an investment book and intra-group financing.
- On Atlar, the finance team will see cash across every entity and bank in real time, with payments, investments, and debt handled in the same place, and AI used to forecast cash, categorize transactions, and have the day's cash position ready each morning.
Sandberg Development, the family-owned investment company behind Camurus, Aimpoint, and a wider portfolio of technology companies, has chosen Atlar to manage cash, forecasting, payments, and investments across its international group.
A long-term owner with unusual range
Sandberg Development may not be a household name, but there's a good chance you've used something one of its companies makes. Sandberg Development is a family-owned investment company with stakes in more than twenty technology businesses, from the Nasdaq-listed pharmaceutical company Camurus to the global optics brand Aimpoint. Its companies cluster in three areas it sees as critical: water, safety, and quality of life.
It is a long-term, hands-on owner, backing companies from first idea to international scale. The majority-owned holdings alone bring in around €265 million in revenue and employ about a thousand people, and the full portfolio runs wider still. The group works out of Malmö, Sweden, in its own innovation district called Sandberg Valley, and out of a US base in Manassas, Virginia. It also manages its own investments and finances the companies it backs.
Treasury for an investment company
A group built like this makes for a demanding treasury, run by Treasury Manager Maria Olander. Cash is spread across many legal entities, several currencies, and banks on both sides of the Atlantic. There is an investment book to manage, and financing that moves between the parent and the companies it owns. Holding all of it in one accurate view is the real challenge, and that only grows as the group takes on new companies.
Sandberg Development chose Atlar to bring the whole group onto one platform. The finance team will see cash across every entity and bank in real time, with payments, investments, and debt handled in the same place. AI is a large part of why. It forecasts the group's cash and gets better at categorizing transactions over time, and each morning it has the day's cash position ready before the team begins.
“As an investment company, we hold interests in businesses in several countries, and consolidating cash across all of those entities had become a real undertaking. With Atlar, the team works from one accurate view of the group's position, and runs its forecasting and investments in the same place.” — Kent Bengtsson, CFO, Sandberg Development
We're proud to be working with Sandberg Development, and to support an owner backing companies that take on hard problems, from clean water to safety.
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