The General Electric Company or GEC was a major UK company involved in consumer and defence electronics, communications and engineering. The Company was once a constituent of the FTSE 100 Index: it was renamed Marconi Corporation plc in 1999 after its defence arm was sold to British Aerospace. In 2005 Ericsson purchased the bulk of Marconi and the remaining businesses were renamed Telent plc.
GEC traces its origins to G. Binswanger and Company, a...
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The General Electric Company or GEC was a major UK company involved in consumer and defence electronics, communications and engineering. The Company was once a constituent of the FTSE 100 Index: it was renamed Marconi Corporation plc in 1999 after its defence arm was sold to British Aerospace. In 2005 Ericsson purchased the bulk of Marconi and the remaining businesses were renamed Telent plc.
GEC traces its origins to G. Binswanger and Company, an electrical goods wholesaler established in London during the 1880s by a German immigrant Gustav Binswanger (later Gustav Byng). Regarded as the year GEC was founded, 1886 saw Byng joined by a fellow immigrant, Hugo Hirst, and the company changed its name to The General Electric Apparatus Company (G. Binswanger).
This small business found early success with its unorthodox method of supplying electrical components over the counter. Hugo Hirst was an entrepreneurial salesman who foresaw the potential of electricity and was able to direct...
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