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Company type | Publicly traded aktiebolag |
---|---|
Industry | Electrical engineering |
Founded | 1883 |
Defunct | 31 December 1987Brown Boveri to form ABB) | (merged with
Successor | ABB |
Headquarters | , |
Allmänna Svenska Elektriska Aktiebolaget ( English translation: General Swedish Electrical Limited Company; Swedish abbreviation: ASEA) was a Swedish industrial company.
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]