Lars Magnus Ericsson

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Lars Magnus Ericsson
entrepreneur
Known forFounder of telephone equipment manufacturer Ericsson
Telefonplan
in Stockholm

Lars Magnus Ericsson (Swedish pronunciation:

inventor, entrepreneur and founder of telephone equipment manufacturer Ericsson (incorporated
as Telefonaktiebolaget LM Ericsson).

Early life

Lars Magnus was born in

Siemens & Halske
.

Career

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 corporation.

In the year 1900 Lars Magnus retired from Ericsson at the age of 54.[1] 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.

Personal life

Ericsson married

Hilda Simonsson in 1878. They had four children together: Johan (1879–1881), Gustaf (1880–1965), Anna (1881–1967) and Lars Magnus Jr. "Lalle" (1892–1921). When their daughter Anna was only six weeks old, their eldest son John died from pulmonary oedema. The couple also lost their son Lalle at a young age to tuberculosis.[2]

Death

After his death in 1926, he was buried at

Botkyrka. At his explicit request, there is no headstone
marking his grave.

See also

References

  1. ^ Reinius, Katarina. "Lars Magnus Ericsson, 1876-1900". Ericsson.com © Telefonaktiebolaget LM Ericsson and Centre for Business History. Retrieved 18 September 2023.
  2. OCLC 939794482
    .