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

Allmänna Svenska Elektriska Aktiebolaget
TypePublicly traded aktiebolag
IndustryElectrical engineering
Founded1883 (1883)
Defunct1999 (end of ABB dual-listing)
SuccessorABB Group
Headquarters,

HistoryEdit

 
ASEA logo used from the late nineteenth century until 1933

ASEA was founded 1883[1] by Ludvig Fredholm in Västerås as 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 a ASEA for short.[2]

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

Business managementEdit

CEOsEdit

  • 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 BoardEdit

See alsoEdit

ReferencesEdit

  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". AP NEWS. Retrieved 2020-10-09.

Further readingEdit

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