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Lars Magnus Ericsson
Ericsson
(Swedish pronunciation: [ˈlɑːʂ ˈmaŋnɵs ˌeːrɪkˈsɔn] ( listen); 5 May 1846 – 17 December 1926) was a Swedish inventor, entrepreneur and founder of telephone equipment manufacturer Ericsson
Ericsson
(incorporated as Telefonaktiebolaget LM Ericsson). Lars Magnus was born in Värmskog, Värmland, and grew up in the small village of Vegerbol located between Karlstad
Karlstad
and Arvika. At the age of 12, Ericsson's father died forcing him to seek work as a miner. He worked until he had money enough to leave the village and move to Stockholm
Stockholm
in 1867. He then worked for six years for an instrument maker named Öllers & Co. who mainly created telegraph equipment. Because of his skills, he was given two state scholarships to study instrument making abroad between 1872 and 1875. One of the companies he worked at was Siemens & Halske. Upon his return to Sweden in 1876, he founded a small mechanical workshop together with his friend Carl Johan Andersson who had also worked at Öllers & Co.. This workshop was actually a former kitchen of some 13 m2 situated at Drottninggatan 15 in the most central part of Stockholm. Here, he started a telephone company by analyzing Bell company and Siemens telephones and creating his own copies in their image. It was not until they started cooperating with Henrik Tore Cedergren in 1883 that the company would start to grow into the Ericsson
Ericsson
corporation. In the year 1900 Lars Magnus retired from Ericsson
Ericsson
at the age of 54. He kept his shares in the company until 1905 and then sold them all. He is said to have been a demanding person, and disliked any direct publicity about his personality and did not wish to be idolized. He was, however, deeply respected by his employees. He was always a skeptic and cautious in business. He was also somewhat opposed to patents, as many of the products he made would not have been possible to do if the patent legislation had been overly effective. When his phones were copied by Norwegian companies he did not care, as his phones had in turn been largely copied from Siemens. He initially did not believe in a mass market for telephones, and saw it as a toy for the leisure class. After his death in 1926, he was buried at Hågelby gård in Botkyrka. At his explicit request, there is no headstone marking his grave. References[edit]

Authority control

WorldCat Identities VIAF: 23291414 LCCN: n2008069103 ISNI: 0000 0000 5267 0795 GND: 132133393 SELIBR: 185852

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Swedish entrepreneurs

Industrial Revolution

Jonas Alströmer Catharina Bröms David Carnegie, the Older Anna Christina Cronquist Louis De Geer Maria Sofia De la Gardie Greta Donner Birgitta Durell Caroline Gother Abraham Hülphers the Older Alexander Keiller Christopher Polhem Baltzar von Platen Charlotta Richardy Eric Ruuth Brigitta Sahlgren

Second Industrial Revolution 1860–1900

Axel Ludvig Broström Amanda Christensen Gustaf Dalén Henry Dunker Lars Magnus Ericsson Sofia Gumaelius Göran Fredrik Göransson Axel Johnson Augusta Lundin Gustaf de Laval Alfred Nobel Immanuel Nobel Ludvig Nobel Robert Nobel Antoinette Nording Carl Richard Nyberg Wilhelmina Skogh Johan Petter Åhlén

20th century before World War II

Erika Aittamaa Assar Gabrielsson Carl Kempe Ivar Kreuger Fredrik Ljungström Johan Throne Holst Axel Wenner-Gren

1940–1980

Christer Ericsson Herbert Felix Bertil Hult Ingvar Kamprad Sven-Harry Karlsson Erik Paulsson Mats Paulson Erling Persson Ruben Rausing

After 1980

Daniel Ek Salvatore Grimaldi Bert Karlsson Gudrun Sjödén Jan Stenbeck Niklas Zennström

Innovators Inventor

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