ASEA explained

Allmänna Svenska Elektriska Aktiebolaget
Native Name Lang:Swedish
Type:Publicly traded aktiebolag
Industry:Electrical engineering
Defunct: (merged with Brown Boveri to form ABB)
Successor:ABB
Hq Location City:Västerås, Västmanland
Hq Location Country:Sweden

Allmänna Svenska Elektriska Aktiebolaget (English translation: General Swedish Electrical Limited Company; Swedish abbreviation: ASEA) was a Swedish industrial company.

History

ASEA was founded in 1883[1] by Ludvig Fredholm in Västerås as a manufacturer of electrical light and generators.[2] After merging with Wenström's & Granström's Electrical Power Company (Wenströms & Granströms Elektriska Kraftbolag) the name was changed to Allmänna Svenska Elektriska Aktiebolaget, literally the "General Swedish Electrical Limited Company", or ASEA for short.

In 1987, it announced a merger with the Swiss company Brown, Boveri & Cie (BBC) to form ABB.[3] The merge took effect on 1 January 1988.[4] After this merger, ABB acquired several companies, including the power transmission and distribution operations of the Westinghouse Electric Corporation and the Combustion Engineering Group.

Business management

CEOs

Chairman of the Board

See also

Further reading

Notes and References

  1. Web site: Crainer. Stuart. "A.B.B., the Dancing Giant" by Kevin Barham and Claudia Heimer. 2020-10-09. strategy+business. en.
  2. Web site: 4 October 2018. Tämä ei enää olisi mahdollista: ASEA myi sähkötarvikkeita hakaristin voimalla. This would no longer be possible: ASEA sold electrical supplies under the power of a swastika. 2020-10-09. Kauppalehti. fi.
  3. Web site: BBC-Brown, Boveri and Asea Announce Merger. 2020-10-09. Associated Press.
  4. ASEA-BBC merger Modern Railways issue 472 January 1988 page 34