In Fredrik Nordh’s second stint at Sweden-based industrial group Saab he has taken over the company’s Saab Ventures corporate venturing unit at a good time following the successful sale of C3 mapping technology to Apple in the past year. He now sits on boards at ISD, Cold Cut Systems and Wrap International.
Saab Ventures is a platform for adding growth to Saab by investing in small and fast-moving entrepreneurial companies that have the potential to become a future core business, developing non-core business ideas into successful enterprises spun out of Saab, incubating internal innovative ideas, and investing in venture capital funds.
Nordh rejoined Saab in 2008 after three years as an investment director at BAE Systems in South Africa. In his first eight years at Saab from 1997, he became chief financial officer of its aerostructures unit.