Koenigsegg
Acquisitions
3
Major Deals Covered
This page covers 3 major deals from 2003 to 2021, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| Meneko JV (NEVS 65% Buyout) | 2021 | Undisclosed | Bought out National Electric Vehicle Sweden's (NEVS) 65% stake in joint-venture entity Meneko to take 100% full ownership of the four-seat Gemera megacar program. |
| Freevalve AB (Camless Powertrain Subsidiary) | 2012 | Undisclosed | Consolidated Freevalve pneumatic-hydraulic-electronic valve actuator technology into an affiliated engineering subsidiary. |
| F10 Angelholm Air Force Base Facilities (Valhall Park Expansion) | 2003 | Undisclosed | Acquired and converted former Swedish Air Force fighter jet hangars and runways at Valhall Park into Koenigsegg's global manufacturing and high-speed testing headquarters. |
2021
Bought out National Electric Vehicle Sweden's (NEVS) 65% stake in joint-venture entity Meneko to take 100% full ownership of the four-seat Gemera megacar program.
Put Gemera intellectual property, hybrid powertrain, and chassis engineering completely in Koenigsegg's hands.
Gemera entered full production at the Gripen Atelier.
2012
Consolidated Freevalve pneumatic-hydraulic-electronic valve actuator technology into an affiliated engineering subsidiary.
Developed the pioneering camless Freevalve internal combustion engine, unlocking greater thermal efficiency and extreme power output.
2003
Acquired and converted former Swedish Air Force fighter jet hangars and runways at Valhall Park into Koenigsegg's global manufacturing and high-speed testing headquarters.
Provided dedicated testing runway and inspired the ghost emblem honoring the Swedish F10 Ghost Squadron.
Formed the permanent home and expanded Gripen Atelier manufacturing facility for all Koenigsegg hypercars.
Koenigsegg is raising output from the expanded Valhall Park site toward up to 200 cars a year, delivering the four-seat Gemera, CC850 and new limited editions, and looking to sell its electric drive technology outside cars. It has hired a former Volvo Cars CFO and general counsel as it weighs a possible IPO.
Koenigsegg makes money mainly by designing and hand-building small series of hypercars and selling them to wealthy collectors through a network of dealers. Cars are allocated years ahead, with deposits paid on order; in 2024 car sales were ~$134 million (SEK 1.34 billion) of ~$142 million (SEK 1.42 billion) total net sales. A smaller stream comes from engineering work and component sales, such as its in-house electric motors and inverters, which the company is trying to expand beyond the car industry.
In June 2009, Koenigsegg formed Koenigsegg Group (backed by Norwegian investors) and signed a letter of intent with General Motors to acquire bankrupt Swedish automaker Saab Automobile. The deal was ultimately called off in November 2009 due to financing and execution risks.
In January 2019 NEVS (National Electric Vehicle Sweden) invested about $150 million for a 20% stake in Koenigsegg and set up a joint venture to industrialise the Gemera. Koenigsegg regained full ownership of the Gemera production company in 2022.
Koenigsegg maintains complete technical sovereignty by inventing proprietary solutions in-house (such as the Light Speed Transmission and Dark Matter e-motors), avoiding external corporate acquisitions to preserve its pure engineering culture.
Koenigsegg has never acquired a competing sports car builder, remaining an independent, family-controlled boutique manufacturer focused exclusively on the pinnacle hypercar and megacar market.
Freevalve AB operates as a sister technology development company founded by Christian von Koenigsegg to commercialize camless actuator technology for global passenger cars, heavy-duty commercial transport, and industrial power generation.
Chieftain Capital Management, a New York investment firm, bought about 6% of Koenigsegg for roughly $56.5 million (€50 million) in 2024, the company's first institutional shareholder.
Yes, in one of the most insane corporate maneuvers in history. In 2009, General Motors went bankrupt and attempted to sell the massive Swedish automaker SAAB. Koenigsegg (which at the time only had 45 employees) audaciously formed a consortium and signed a letter of intent to buy SAAB. The deal ultimately collapsed due to massive delays, but it proved Koenigsegg's incredible ambition to the world.
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