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ASEA

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Allmänna Svenska Elektriska Aktiebolaget
Company typePublicly traded aktiebolag
IndustryElectrical engineering
Founded1883 (1883)
Defunct31 December 1987 (1987-12-31) (merged with Brown Boveri to form ABB)
SuccessorABB
Headquarters,

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

History

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ASEA swastika logo used from the late nineteenth century until 1933

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.[2]

In 1987, it announced a merger with the Swiss company Brown, Boveri & Cie (BBC) to form ABB.[1][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.[1]

Business management

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CEOs

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  • 1883–1891 – Ludvig Fredholm
  • 1891–1903 – Göran Wenström
  • 1903–1933 – Sigfrid Edström
  • 1934–1942 – Arthur Lindén
  • 1942–1949 – Thorsten Ericson
  • 1949–1961 – Åke Vrethem
  • 1961–1976 – Curt Nicolin
  • 1976–1980 – Torsten L. Lindström
  • 1980–1988 – Percy Barnevik

Chairman of the Board

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See also

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References

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  1. ^ a b c Crainer, Stuart. ""A.B.B., the Dancing Giant" by Kevin Barham and Claudia Heimer". strategy+business. Retrieved 2020-10-09.
  2. ^ a b c "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]. Kauppalehti (in Finnish). 4 October 2018. Retrieved 2020-10-09.
  3. ^ "BBC-Brown, Boveri and Asea Announce Merger". Associated Press. Retrieved 2020-10-09.
  4. ^ ASEA-BBC merger Modern Railways issue 472 January 1988 page 34

Further reading

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  • Jan Glete, Asea under hundra år: 1883–1983: en studie i ett storföretags organisatoriska, tekniska och ekonomiska utveckling. (Västerås, 1987). (in Swedish).