ASEA

Allmänna Svenska Elektriska Aktiebolaget (English translation: General Swedish Electrical Limited Company;[1] Swedish abbreviation: ASEA) was a Swedish industrial company. In 1988 it merged with the Swiss company Brown, Boveri & Cie (BBC) to form ABB Group. Between 1988 and 1999, ABB was one of the two holding companies (along with BBC) of the then-dual-listed ABB.

This article is about the Swedish company. For the American company, see ASEA (American company).
Allmänna Svenska Elektriska Aktiebolaget
Publicly traded aktiebolag
IndustryElectrical engineering
SuccessorABB Group
Founded1883 (1883)
Defunct1999 (end of ABB dual-listing)
Headquarters
Västerås
,
Sweden

History
ASEA logo used from the late nineteenth century until 1933

ASEA was founded 1883 by Ludvig Fredholm in Västerås as manufacturer of electrical light and generators. 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 a ASEA for short.

  • 1889 - the partner Jonas Wenström creates 3-phased generators, motors and transformers.
  • 1933 - The company removes the swastika from its logo, due to the symbol's association with Nazi Germany.
  • 1953 - ASEA creates the first industrial diamonds.
  • 1954 - HVDC Gotland project, first static high-voltage DC system
  • 1960s - ASEA builds nine of 12 nuclear plants in Sweden.
  • 1974 - Industrial robots are introduced by ASEA
  • 1987 - Acquires Finnish Oy Strömberg Ab
  • 1988 - Merges with BBC Brown Boveri, Asea Cylinda laundry appliances branch brought by Finnish furniture maker Asko, renamed Asko ASEA.

Business management

CEOs
  • 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
  • 1891–1891 – Ludvig Fredholm
  • 1892–1909 – Oscar Fredrik Wijkman
  • 1910–1914 – Oscar Wallenberg
  • 1914–1933 – Sten Ankarcrona
  • 1934–1949 – Sigfrid Edström
  • 1949–1956 – Thorsten Ericson
  • 1956–1976 – Marcus Wallenberg
  • 1976–1991 – Curt Nicolin

See also

References
  1. https://translate.google.com/#sv%7Cen%7CAllm%C3%A4nna%20Svenska%20Elektriska%20Aktiebolaget

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