AEG history

The same year, the company entered negotiations with the Berlin Magistrat (the municipal body) to supply a large area from a central supply, which resulted in the formation of the Städtischen Elektrizitätswerke (A.G.StEW) ("City electricity works company (Berlin)") on 8 May 1884.

In 1887 Mikhail Dolivo-Dobrowolsky joined the company as chief engineer, later becoming vice-director.

In 1888 it was renamed Allgemeine Elektricitäts-Gesellschaft.

By 1889 AEG were known as specialists in the construction of industrial portable drilling machines, some of these were driven by flexible shafts from electric motors.

In 1894 the site of the former Berlin Viehmarktgasse (cattle market alley) was purchased.

In 1895 an underground railway link between the two plots was built in a tunnel 270 meters long.

It strung transmission lines and built electric trolley systems across Germany before 1900.

In 1903 the competing radio companies AEG and Siemens & Halske merged, forming a joint subsidiary named Telefunken.

Power plant Moabit 2 with Edison and Rathenau next to turbine 14 Year: 1911 | ID: VF000510

On 20 June 1915, founder Emil Rathenau died at age 77.

In 1930 the term electronics was introduced to embrace radio and the industrial applications of electron tubes.

In 1943, AEG began to relocate goods and evacuate workers.

In 1947, AEG Power Solutions established itself anew as a leader in the technological fields of power interfaces to the electrical grid, where it continues to excel to this day.

In 1970, AEG-Telefunken had 178,000 employees worldwide, and was the 12th largest electrical company in the world.

In particular, the nuclear power plant at Würgassen, the commissioning of which was delayed by several years due to technical problems cost AEG hundreds of millions of DM. As a result, the company paid its last dividend in 1972.

In 1975 the former Telefunken Headquarter at Berlin-Charlottenburg, Ernst-Reuter-Platz 7 was sold.

The process computer (TR 84, TR 86, AEG 60–10, AEG 80–20, AEG 80–60) continued as Geschäftsbereich Automatisierungstechnik (after 1980 as ATM Computer GmbH).

In August 1982 a restructuring plan, backed with federal guarantees of 600 million DM and new bank loans of 275 million DM, fell apart at the first disagreement between the banks.

A banking consortium provided an administrative loan of DM 1.1 billion to the AEG Group until June 1983; 400 million of which only to be available on a guarantee by the federal government.

In 1985, the company re-took the name AEG and the remainder of the company was acquired by Daimler-Benz; the parts that remained were primarily related to electric power distribution and electric motor technology.