The Stena Sphere consists of the three parent companies, Stena AB, Stena Sessan AB and Stena Metall AB, wholly owned by the Olsson family. Together they make up one of Sweden’s largest family-owned corporate groups. The group’s revenue is 66 billion SEK and profit before tax for FY2021 is 2.3 billion SEK. CEO of the group is Dan Sten Olsson .
8-453: The foundations to today’s Stena Sphere were laid on 18 November 1939 when the Sten A. Olsson Metallprodukter trading company was founded. In the following years the company expanded both inside and outside the country’s borders. Sten Allan Olsson (1916–2013) was the son of the skipper and shipowner Gustav Olsson (1876–1956) from Donsö . In 1946, Sten Allan Olsson bought his first vessel with
16-406: A loan of SEK 25,000 from Handelsbanken , and the shipping business started on a small scale. At the beginning of the 1960s a ferry service started between Gothenburg and Skagen in northern Denmark. Over the years freight services using the company’s vessels became a significant part of the business. In 1972 the business was divided into two branches: Stena Line AB and Stena Metall AB. In
24-593: Is the oldest part of the Stena Sphere having been founded on November 18, 1939. The CEO is Kristofer Sundsgård. It has operations in Sweden , Norway , Denmark , Finland , Poland , Germany , Italy and the United States of America . Sten Allan Olsson Sten Allan Olsson (28 October 1916 – 12 July 2013) was a Swedish billionaire businessman, the founder, CEO and owner of Stena Sphere . Sten Allan Olsson
32-688: The Stena Sphere to his children. His daughter Madeleine's children own 6% each. Amongst its subsidiaries: Sessanlinjen (Sessan Line) or G.F.L. (Gothenburg-Frederikshavns line) was purchased by Stena in 1980. It ended the severe competition that existed in the Kattegat between Sessan Line and Stena Line up to that time. The Managing Director is Martin Svalstedt. One of its subsidiaries is; Stena Metall recycles and processes metals, paper, electronics, batteries hazardous waste and chemicals. Its operations also include international trading in steel, metals and oil. It
40-409: The investments have focused on companies in the energy sector , including oil and offshore but also in alternative energy sources. At the beginning of the 2000s (decade) expansion also continued in offshore/drilling. The Stena sphere has made a profit every year since 1939 and has grown to include the largest ferry company in the world. In the mid-1990s, Sten Allan Olsson transferred his ownership of
48-590: The same year the Masthugg terminal in Gothenburg was completed. The business continued to expand and at the end of the 1970s major investments were made in offshore and RoRo vessels. Stena Fastigheter (Property) was founded in 1980. The tanker shipping company Stena Bulk was founded in 1982. Northern Marine Group, a management company for vessels that are not Swedish-flagged, was founded in 1983 and Sten Allan Olsson's son, Dan Sten Olsson took over as CEO . Concordia Maritime
56-537: Was born on 28 October 1916, on Donsö , in the Gothenburg archipelago, the son of a schooner owner and captain. He was educated at Ljungskile Folk High School , followed by a commercial college in Gothenburg . Olsson started a Gothenburg metals and rubber trading company in 1939, at the start of the Second World War, and moved into freight shipping. He founded the ferry company Stena Line in 1962, initially on
64-452: Was founded and listed on the stock market in 1984. During the 1990s the company expanded, including in offshore drilling. By founding Stena Adactum at the beginning of the 2000s (decade) the Sphere was expanded to also include long-term investments in outlying business areas. Long Term Equity was founded in 2006 for long-term investments without ownership responsibility. A considerable number of
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