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ASEA Multiple Units
''Allmänna Svenska Elektriska Aktiebolaget'' ( English translation: General Swedish Electrical Limited Company; Swedish abbreviation: ASEA) was a Swedish industrial company. History ASEA was founded in 1883 by Ludvig Fredholm in Västerås as a 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 ''ASEA'' for short. In 1987, it announced a merger with the Swiss company Brown, Boveri & Cie (BBC) to form ABB. 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 Jon ...
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Västerås
Västerås () is a city in central Sweden on the shore of Mälaren, Lake Mälaren in the province of Västmanland, west of Stockholm. The city had a population of 127,799 at the end of 2019, out of the municipal total of 158,653, over 100,000 more than the next largest of the 17 localities included in the Västerås Municipality. Västerås is the seat of Västerås Municipality, which is the capital of Västmanland County and an episcopal see. History Västerås is one of the oldest cities in Sweden and Northern Europe. The area has been populated since the Nordic Viking Age, before 1000 CE. Anundshög, Sweden's largest burial mound, is located just outside the City of Västerås. It was built about 500 CE and is over wide and is almost high. In the beginning of the 11th century, Västerås was the second largest city in Sweden; by the 12th century, it had become the seat of the bishop. The name ''Västerås'' originates from ''Västra Aros'' (), first recorded as ''Westra ...
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Nazi Germany
Nazi Germany, officially known as the German Reich and later the Greater German Reich, was the German Reich, German state between 1933 and 1945, when Adolf Hitler and the Nazi Party controlled the country, transforming it into a Totalitarianism, totalitarian dictatorship. The Third Reich, meaning "Third Realm" or "Third Empire", referred to the Nazi claim that Nazi Germany was the successor to the earlier Holy Roman Empire (800–1806) and German Empire (1871–1918). The Third Reich, which the Nazis referred to as the Thousand-Year Reich, ended in May 1945, after 12 years, when the Allies of World War II, Allies defeated Germany and entered the capital, Berlin, End of World War II in Europe, ending World War II in Europe. After Hitler was appointed Chancellor of Germany in 1933, the Nazi Party began to eliminate political opposition and consolidate power. A 1934 German referendum confirmed Hitler as sole ''Führer'' (leader). Power was centralised in Hitler's person, an ...
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ASEA IRB
ABB Group is a Swedish-Swiss multinational electrical engineering corporation. Incorporated in Switzerland as ABB Ltd., and headquartered in Zurich, it is dual-listed on the Nasdaq Nordic exchange in Stockholm, Sweden, and the SIX Swiss Exchange in Zurich. ABB was ranked 340th in the Fortune Global 500 list of 2020 and has been a global Fortune 500 company for 24 years. ABB was formed in 1988, when Sweden's Allmänna Svenska Elektriska Aktiebolaget (ASEA) and Switzerland's Brown, Boveri & Cie merged to create Asea Brown Boveri, later simplified to the initials ABB. Both companies were established in the late 1800s and grew into major electrical equipment manufacturers, a business in which ABB remains active. Its traditional core activities include power generation, transmission and distribution; industrial automation, and robotics. Between 1989 and 1999, the company was also active in the rolling stock manufacturing sector. Throughout the 1990s and 2000s, ABB acquired hundreds ...
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Marcus Wallenberg Jr
Marcus, Markus, Márkus or Mărcuș may refer to: * Marcus (name), a masculine given name * Marcus (praenomen), a Roman personal name Places * Marcus, a main belt asteroid, also known as (369088) Marcus 2008 GG44 * Mărcuş, a village in Dobârlău Commune, Covasna County, Romania * Marcus, Illinois, an unincorporated community, United States * Marcus, Iowa, a city, United States * Marcus, South Dakota, an unincorporated community, United States * Marcus, Washington, a town, United States * Marcus Island, Japan, also known as Minami-Tori-shima * Mărcuș River, Romania * Marcus Township, Cherokee County, Iowa, United States Other uses * Markus, a beetle genus in family Cantharidae * ''Marcus'' (album), 2008 album by Marcus Miller * Marcus (comedian), finalist on ''Last Comic Standing'' season 6 * Marcus Amphitheater, Milwaukee, Wisconsin * Marcus Center, Milwaukee, Wisconsin * Marcus & Co., American jewelry retailer * Marcus by Goldman Sachs, an online bank * USS ''Marcus' ...
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Oscar Wallenberg
The Wallenberg family is a prominent Swedish family of bankers, industrialists, politicians, bureaucrats and diplomats, present in most large Swedish industrial groups, including EQT AB, Ericsson, Electrolux, ABB, SAS Group, SKF, Atlas Copco, Saab AB, and more. In the 1970s, the Wallenberg family businesses employed 40% of Sweden's industrial workforce and represented 40% of the total worth of the Stockholm stock market. The most famous of the Wallenberg family, Raoul Wallenberg, a diplomat, worked in Budapest, Hungary, during World War II to rescue Jews from the Holocaust. Between July and December 1944, he issued protective passports and housed Jews, saving tens of thousands of Jewish lives. Their flagship company, Investor AB, has a market capitalization of around $60 billion. The family is also heavily involved in philanthropy through the Wallenberg foundations, especially the Knut and Alice Wallenberg Foundation. History The earliest known member of the Wallenberg family ...
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Percy Barnevik
Percy Nils Barnevik HonFREng (born 13 February 1941) is a Swedish business executive, best known as CEO and later Chairman of ABB 1988–2002, and for being the centre of a giant pension dispute that shook Sweden in 2003. He is the co-founder of the non-profit organization Hand in Hand. Background Born in Simrishamn in southern Sweden, the youngest of three children, he grew up in Uddevalla, north of Gothenburg, where his parents operated a small printing company. Barnevik was educated at the University of Gothenburg's School of Business, Economics and Law and at Stanford Graduate School of Business. He has received seven Honorary degree, honorary doctorates in Sweden, Finland and the U.S., including from Linköping University (1989) and the University of Gothenburg (1991). In 1993, Barnevik received the IEEE Engineering Leadership Recognition Award. Career Barnevik started his professional career in the Swedish company Datema, but soon moved to Sandvik. In Sandviken, where bet ...
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Curt Nicolin
Curt René Nicolin (10 March 1921 – 8 September 2006) was a Swedish businessman. He served as the chairman of ASEA and the Swedish Employers Association. Early life Nicolin was born on 10 March 1921 in Stockholm, Sweden, the son of Felix Nicolin and his wife Anna Lisa (née Rehné). He passed ''studentexamen'' at Sigtunaskolan Humanistiska Läroverket in 1941 and graduated from the Royal Institute of Technology in 1945. Career Nicolin was recruited by the Wallenberg family as an engineer at Svenska Turbinfabriks AB Ljungström (STAL) in Finspång the same year, to lead the development of a Swedish jet engine. He got acquainted with Fredrik Ljungström, thanks to whom he debuted at the Nobel Banquet, and for whom he later authored an obituary. Nicolin became vice CEO and technical manager there in 1953. Nicolin was CEO of STAL from 1955 to 1959 and of Turbin AB de Laval Ljungström from 1959 to 1961. In 1961, the Wallenberg family appointed Nicolin as CEO of ASEA, the crown jew ...
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