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Also, since 1920 Krupp held 31.8% of Bofors stock through its Swedish subsidiary AB Boforsintressenter despite a 1916 law prohibiting foreigners from having over 20% stock of a Swedish business. As a result of such a collaboration, Bofors prospered, and by the early 1930s it employed ~2800 people (not counting the supply subsidiaries). [15]
Fortune 500 companies based in Houston [1] Rank Company name 12: ExxonMobil: 48: Phillips 66: 60: Sysco: 105: Enterprise Products Partners: 106: Hewlett Packard ...
Saab Bofors Dynamics is a subsidiary of the Saab Group that specializes in military materiel such as missile systems and anti-tank systems. It is located in Karlskoga and Linköping , Sweden . Its corporate heritage goes back to Bofors , a hammer mill , which was founded as a royal state-owned company in 1646.
On March 19, 1983, the numbering plan area was divided for the first time, when the immediate Houston area retained 713, while the northern, eastern and western portions received area code 409. On November 2, 1996, area code 713 was split again, with most of Houston's suburbs switching to the new code 281.
The stock declined after the company's July 2020 IPO and did not rise above the IPO price of $22 until March 2024. The stock closed at $34.93 on Aug. 2, so it's gained 59% since the IPO.
The company acquired its sixth master-planned community in 2021, purchasing the 37,000-acre Douglas Ranch development in the Phoenix area (later renamed to Teravalis) for $600 million. [ 14 ] In 2023, HHC reorganized itself as a holding company named Howard Hughes Holdings, with the Howard Hughes Corporation as a subsidiary. [ 15 ]
A new company, Bofors Nobelpharma (later Nobelpharma), was founded in 1981 in Gothenburg, Sweden to commercialize Professor Brånemark's findings. The company launched a number of new products including abutments, drilling equipment and an instrument kit.
In 1995, the company acquired Dekalb Energy Canada, marking the company's return to Canada, in a $285 million stock transaction. [14] In 1995, the company also acquired 315 oil and gas fields in the Permian Basin, the Texas-Louisiana Gulf Coast, western Oklahoma, East Texas, the Rocky Mountains and the Gulf of Mexico from Texaco. [15]