The Swedish company Ericsson is one of the world's largest and oldest manufacturers of telecommunications equipment. It has been operating since 1876. The history of the company began with a small workshop for the repair of telegraph equipment.
The company was founded by Lars Magnus Ericsson, who was a simple worker from a poor family. He was forced to start working at the age of 12, which is why he could not finish school. However, Eriksson was distinguished by perseverance and diligence, he received knowledge by self-taught, studying a variety of sciences and foreign languages.
He traveled to different countries, gaining experience and knowledge, worked for some time in the German company Siemens. Ericsson started his own business at the age of 30. Thanks to his talents, the young company was quickly able not only to get on its feet, but also to establish the production of its own products. Moreover, most of it was developed by Ericsson himself.
The company was originally called LME. She received her first serious order in 1881, having won a tender for the supply of telephone equipment for the Telegrafverket association, which planned to install telephones in all major cities in Sweden. This became possible due to the fact that LME produced cheaper and better equipment than the well-known American company Bell Company.
With this initial success, LME was able to start supplying equipment to other countries around the world. Foreign offices are being opened, factories are being built. At the beginning of the 20th century, it was already known as simply Ericsson.
Gradually, the company expands its range of products, increases turnover. Today, Ericsson no longer resembles the tiny workshop from which its path began. The equipment produced by it enjoys well-deserved respect around the world. The only, perhaps, serious failure in the history of the company is a failure with the brand. Sony Ericsson. However, the fault lies not only with Ericsson, but also with Sony.