In 1990, ABB purchased Westinghouse's metering and control division (the load control division was spun off to Cannon Technologies in the late 1990s and the meter division was spun off to Elster Electricity in the early 2000s). CEO at the time of the merger was the former CEO of ASEA, Percy Barnevik, who ran the company until 1996. Brown, Boveri & Cie (BBC) was formed in 1891 in Baden, Switzerland, by Charles Eugene Lancelot Brown and Walter Boveri as a Swiss group of electrical companies producing AC and DC motors, generators, steam turbines and transformers.ĪBB resulted from the 1988 merger of the Swedish corporation Allmänna Svenska Elektriska Aktiebolaget (ASEA) and the Swiss company Brown, Boveri & Cie (BBC) the latter had absorbed the Maschinenfabrik Oerlikon in 1967.
ASEA was founded in 1883 by Ludvig Fredholm in Västerås as manufacturer of electrical light and generators. See also: Allmänna Svenska Elektriska Aktiebolaget and Brown, Boveri & CieĪBB's history goes back to the late 19th century.
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