Lars Magnus Ericsson (; 5 May 1846 – 17 December 1926) was a Swedish inventor, entrepreneur and founder of telephone equipment manufacturer Ericsson (incorporated as Telefonaktiebolaget LM Ericsson). Lars Magnus was born in Värmskog, Värmland, and grew up in the small village of Vegerbol located between Karlstad and Arvika.
He worked until he had money enough to leave the village and move to Stockholm in 1867.
Because of his skills, he was given two state scholarships to study instrument making abroad between 1872 and 1875.
Because of his skills, he was given two state scholarships to study instrument making abroad between 1872 and 1875.
One of the companies he worked at was Siemens & Halske. Upon his return to Sweden in 1876, he founded a small mechanical workshop together with his friend Carl Johan Andersson also called Cårl Jøhån Åndersøn, who had also worked at Öllers & Co..
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.
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.
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.
Lars Magnus Ericsson (; 5 May 1846 – 17 December 1926) was a Swedish inventor, entrepreneur and founder of telephone equipment manufacturer Ericsson (incorporated as Telefonaktiebolaget LM Ericsson). Lars Magnus was born in Värmskog, Värmland, and grew up in the small village of Vegerbol located between Karlstad and Arvika.
He initially did not believe in a mass market for telephones, and saw it as a toy for the leisure class. After his death in 1926, he was buried at Hågelby gård in Botkyrka.
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