Allmänna Svenska Elektriska Aktiebolaget (English translation: General Swedish Electric Company; Swedish abbreviation: ASEA) was a Swedish industry company. In 1988 it merged with the Swiss company Brown, Boveri & Cie (BBC) to form ABB Group. ASEA still exists, but only as a holding company owning 50% of the ABB Group. ASEA was founded 1883 by Ludvig Fredholm in Västerås as manufacturer of electrical light and generators. By a merging with Wenströms & Granströms Electrical Power Company (Wenströms & Granströms Elektriska Kraftbolag) the name was changed to Allmänna Svenska Elektriska Aktiebolaget, literally the "General Swedish Electrical Limited Company", or a ASEA for short.