Brown Boveri Kent Limited > 1975 England IPO share certificate

Description

Old Stock Yard Collectible Stock and Bond Certificates
Brown Boveri Kent Limited
Original share certificate
Initial Public Offering
1975 - England
Brown, Boveri (BBC) was a Swiss group of electrical engineering companies.
Brown, Boveri synchronous motor of 1901 in the Électropolis museum of Mulhouse, France
It was founded in Baden, Switzerland, in 1891 by Charles Eugene Lancelot Brown and Walter Boveri who worked at the Maschinenfabrik Oerlikon. In 1970 BBC took over the Maschinenfabrik Oerlikon. In 1988 it merged with ASEA to form ABB Group, a company producing DC Motors, AC motors, generators, turbochargers, transformers and the electrical equipment of locomotives. Some of BBC's technology went into German U-boats of World War II, such as the depth controls.
Brown Boveri's early activities included manufacturing electrical components such as electric motors for locomotives and power-generating equipment for Europe's railway systems. In 1919 the company entered into a licensing agreement with the British manufacturing firm Vickers which gave the British firm the right to manufacture and sell Brown Boveri products throughout the British Empire and in some parts of Europe. The agreement gave Brown Boveri a significant amount of money and the promise of substantial annual revenue, and also helped the company expand into foreign markets at a time when protectionist policies inhibited international expansion.
In 1974 Brown Boveri acquired the British controls and instrument manufacturer, George Kent. The deal at first raised concern in Britain over foreign ownership of such highly sensitive technology, but Brown Boveri prevailed with the encouragement of George Kent's rank-and-file employees, who feared the alternative of being bought by Britain's General Electric Company (GEC). The newly acquired company was renamed Brown Boveri Kent.
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