Palantir CEO Alex Karp has bought roughly 15,000 hectares of forest in central Sweden, and local hunters learned about it when their leases ended. The purchase, about 37,000 acres, was made through a newly registered Swedish company, Cladonia Skog AB, according to Yahoo News.
Karp is the co-founder and chief executive of Palantir Technologies, a U.S. software company whose products are used by government and defense organizations. He is reported to be the beneficial owner of Cladonia Skog.
What the Palantir CEO Bought
The reported acquisition price was 235 million kronor, cited in purchase-permit documents. SCA separately told Sveriges Television the figure was 240 million kronor, or roughly $22 million at either figure.
The seller was SCA, a Swedish forestry and paper company. SCA described the land as suboptimal for its own forestry operations.
The property lies south of Storsjö Kapell in Berg municipality. According to Dagens Nyheter, it stretches along the southern shore of Lake Storsjön toward the mountain ridge Högrensvålvallen, an area known for hiking, fishing and outdoor recreation.
Swedish authorities approved the acquisition in September 2026, according to Sveriges Television. Cladonia Skog told Swedish media it intends to conduct forestry and related activities. Its representatives described the forests as valuable habitats for plants, animals and recreation.
Hunters Got Letters, Not a Meeting
Local hunters in Härjedalen did not receive an announcement. They got letters saying their leases were ending, which is how the rural community learned that the Palantir CEO had acquired the land.
Two hunting groups have already lost lease access, and a third faces losing it the following year, according to Swedish reporting. SCA told Fortune that its hunting leases ran approximately 11 months and renewed annually.
Once the land transferred to Cladonia, SCA could no longer grant rights it no longer held. The end of the existing leases was a standard consequence of the transfer, not a specific policy choice by Cladonia. That does not make the outcome easier for the affected groups.
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Open Questions for the Property
Several questions about the property’s future remain unanswered in available reporting. According to Land.se, Cladonia’s hunting rights across the property become available on July 1, 2027. It is not yet known whether hunting rights will then be reissued to local groups.
It is also unclear what specific forestry practices Cladonia plans to use. Available reporting does not say whether public recreation access will change under the new ownership.
A Private Purchase, Separate From Palantir
Palantir has a confirmed partnership with Swedish defense authorities. Anders Fridén, Palantir’s Sweden country manager, confirmed that partnership, according to Fortune.
That relationship is separate from the Cladonia purchase. Karp bought the land through a private company, not through Palantir. No verified source in the available reporting connects the forest acquisition to Palantir’s contracts, technology strategy or business operations in Sweden.
What happens after July 2027 will shape how the deal is seen locally. If Cladonia reissues hunting leases, the purchase may remain a straightforward real-estate transaction for the Palantir CEO. If it does not, the hunters of Härjedalen will be the first to feel it.