Literally the “king’s garden” (albeit in German), Koenigsegg is a tiny Swedish company that builds a lineup of exotic sports cars it says are capable of going 245 mph. Koenigegg has agreed to buy as agreed to buy Saab, Sweden’s second-largest carmaker.

Koenigsegg was founded in 1994 by a 22-year-old Swedish entrepreneur named Christian von Koenigsegg. It sold its first car, called a CC8S, in 2002.

Since then, the company has built the CCR, and starting in 2006, the CCX, its first car eligible for sale worldwide. The mid-engined, carbon-fiber coupe uses a twin-supercharged, 4.7-liter V8 producing 806 hp, and it weighs a little over 2,800 pounds. It has become a video game, cultivating a growing legion of young enthusiasts. A special edition, the CCXR, fueled by E85 ethanol puts out 1,018 hp.

At last year’s Geneva Auto Show, the company showed the Quant, a four-seat electric coupe which uses advanced thin-film solar cells along with a new type of energy storage the company is calling Flow Accumulator Energy Storage (FAES). The company claims a range of 500 kilometers, or 312 miles.

Founder Christian von Koenigsegg has patents on technologies ranging from catalytic converters and supercharging to modular wood flooring.

It will be interesting to see how the small company swallows up an automaker more than 2,000 times its size, based on the number of employees.

—Eric Evarts