ASEA

{{About|the Swedish company|the American company|ASEA (American company)}}

{{Infobox company

| name = Allmänna Svenska Elektriska Aktiebolaget

| logo = Asealogo.svg

| logo_size = 200px

| logo_alt =

| logo_caption =

| logo_padding =

| image = Asea hq.jpg

| image_size = 200px

| image_alt =

| image_caption = ASEA HQ in Västerås

| native_name =

| native_name_lang = Swedish

| former_name =

| type = Publicly traded aktiebolag

| industry = Electrical engineering

| founded = {{Start date|1883|df=y}}

| defunct = {{End date|1987|12|31|df=y}} (merged with Brown Boveri to form ABB)

| successor = ABB

| hq_location =

| hq_location_city = Västerås, Västmanland

| hq_location_country = Sweden

| area_served =

| key_people =

| products =

| brands =

| services =

| owner =

| website =

}}

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

History

File:ASEA logo pre 1933.svg logo used from the late nineteenth century until 1933]]

ASEA was founded in 1883{{Cite web|last=Crainer|first=Stuart|title="A.B.B., the Dancing Giant" by Kevin Barham and Claudia Heimer|url=https://www.strategy-business.com/article/9904?gko=4d18f|access-date=2020-10-09|website=strategy+business|language=en}} by Ludvig Fredholm in Västerås as a manufacturer of electrical light and generators.{{Cite web|date=4 October 2018|title=Tämä ei enää olisi mahdollista: ASEA myi sähkötarvikkeita hakaristin voimalla|trans-title=This would no longer be possible: ASEA sold electrical supplies under the power of a swastika|url=https://www.kauppalehti.fi/uutiset/tama-ei-enaa-olisi-mahdollista-asea-myi-sahkotarvikkeita-hakaristin-voimalla/99957f0d-c533-3b19-a65c-636fcae6bcd9|access-date=2020-10-09|website=Kauppalehti|language=fi}} 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.{{Cite web|title=BBC-Brown, Boveri and Asea Announce Merger|url=https://apnews.com/article/9d699a81e7edcd99c39f324b1ce41a38|access-date=2020-10-09|website=Associated Press}} The merge took effect on 1 January 1988.ASEA-BBC merger Modern Railways issue 472 January 1988 page 34 After this merger, ABB acquired several companies, including the power transmission and distribution operations of the Westinghouse Electric Corporation and the Combustion Engineering Group.

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.
1968 – ASEA's elevator business gets acquired by Kone
1974 – Industrial robots are introduced by ASEA
1987 – Acquires Finnish Oy Strömberg Ab
1988 – Merges with Brown, Boveri & Cie, Asea Cylinda laundry appliances branch bought 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

ASEA

History

Business management

=CEOs=

=Chairman of the Board=

See also

References

Further reading