Telent

Marconi (formerly sometimes also General Electric Company or English Electric ) is a former exchange-traded British telecoms equipment suppliers based in London, which was largely acquired in January 2006 by Ericsson, which continues to use the Marconi brand.

History

Prehistory

The previous company was founded by the pioneer of wireless communication technology Guglielmo Marconi in 1897 under the name "Wireless Telegraph and Signal Company ". 1900 already made changes to the company in Marconi's Wireless Telegraph Company. John Ambrose Fleming, inventor of the electron tube diode worked as a consultant for Marconi Company. Henry Joseph Round at Marconi improved the high frequency gain of the triode. 1912, the company received an order from the British government for the construction of radio stations in the far-flung British Empire. This point there was a political Marconi scandal, as members of the government were accused of having profited from stock transactions by the steep increase in price. The company in 1946 by English Electric ( "EE" ) has been adopted. 1968 merged with EE General Electric Company ( GEC, not to be confused with General Electric).

Growth and decline

1999 was the management by purchasing from an internationally active GEC Telecommunications Group. After RELTEC Corporation and Fore Systems (Pittsburgh, USA) was founded in 1999, acquired, possessed a good position in the North American market for routers and switches. With assets of GPT (Coventry, England), Marconi SpA (Genoa, Italy) and Bosch Telecom ( Backnang, Germany ), a new large corporation was formed. After a period of restructuring, resulting in the defense business was sold to British Aerospace, the company was changed to Marconi in 1999.

The purchase price for the acquired companies, which were only partly supported by the arms deals were sold as part of the dotcom bubble far away from economic reason. In May 2002, the company laid open for the past fiscal year, a loss of 9.1 billion euros. It was at that time the largest loss of a company in British history. A bankruptcy could be averted by restructuring measures, in which the shareholders in favor of the lending banks were watered down. In the following years the company succeeded indeed to reduce the losses, but it never came despite the massive staff cuts into the profit zone.

Marconi could only develop a few new products and suffered a permanent massive decline in orders. As Marconi with the major customers, BT Group, which no longer renewed its supply contracts after, also lost its home market, it became a takeover candidate. On 25 October 2005 competitor Ericsson announced for 1.8 billion euros to acquire Marconi and to take over the majority of the business. The acquisition was completed retrospectively from 1 January 2006 on 23 January 2006. The name Marconi remains within Ericsson as a brand.

Successor companies

When Marconi remaining after the sale of most of its business to Ericsson mainly activities in the service sector in the UK and Germany. This company was renamed telent, hence the brand " Marconi " was able to go to Ericsson. Ericsson has not taken over the pension obligations for the Marconi staff. These and a high cash position, which is to serve alongside future earnings to pay the pensions, stayed with telnet. Ericsson has agreed to grant a preferential position in the UK telnet in the service area.

The British telnet was taken over by private pension funds and taken off the market in 2007. In Germany emerged from the remaining German subsidiary activities telent GmbH, based in Backnang. 2009 took over telnet ADC Services GmbH, a specialist service for telecommunications infrastructure located in Teltow, near Berlin. Today the telent GmbH in Germany employs around 400 staff at its offices Backnang, Teltow, Radeberg and 10 additional offices. After the company has focused heavily in the past on the development of telecommunications equipment, the successor company shall adopt the rules focus on the areas of system integration and services for telecommunications and operating networks. The telent GmbH was acquired by Micron Euro 2011.

Company name

There are many companies that Marconi in its corporate name (company) carry, because businesses were spun off without deleting the original name through the various restructurings. Thus, for example, use different defense industry partnerships called " Marconi ", although they have no relations with Ericsson.