AEG (Allgemeine Elektricitätz-Gesellschaft) was founded in 1887 by Emil Rathenau as a direct competitor to the US based, General Electric but soon diversified into pioneering work on AC transmission systems. AEG expanded rapidly always leading the world in innovation and delivering solutions to the particular technological challenges of the time. In 1947, AEG Power Solutions established itself anew as a leader in the technological fields of power interfaces to the electrical grid, where it continues to excel to this day.
Berlin engineer Emil Rathenau acquires the Edison patents for Germany and creates the Deutsche Edison-Gesellschaft (DEG) (German Edison Company).
DEG is renamed Allgemeine Electricitäts Gesellschaft (engl.: General Electric Company) – the AEG brand is born.
Société des Accumulateurs Fixes et de Traction (Saft S.A.) is founded in France by two Swiss electrochemists to manufacture and distribute nickel-based batteries for industrial applications and storehouse trolleys.
Establishment of Harmer & Simmons in the UK. Initially manufacturing sound amplifiers, the company soon becomes a telecom power supply expert.
Acquisition of Saft by Compagnie Générale d’Electricité (which later became Alcatel)
Creation of an AEG production facility and R&D center in Warstein-Belecke, Germany.
Saft expands its product portfolio with a range of innovative battery chargers and power systems: Saft Power Systems is created.
Saft Power Systems strengthens its international presence and broadens its product portfolio with the acquisition of NIFE Group in Sweden.
Saft Power Systems acquires AEG SVS Power Supply Systems GmbH in Germany reinforcing its UPS systems product portfolio and its position in Germany and Eastern Europe.
Merger of Saft Power Systems and Alcatel Converters to form Saft Power Systems Group; this new world leader in power conversion is a division of Alcatel.
Saft Power Systems Group is acquired by private equity firm, Ripplewood Holdings, consisting of three units: Saft Power Systems, AEG Power Supply Systems and Harmer & Simmons.
The group is renamed AEG Power Solutions.
As the solar market commoditized, AEG Power Solutions starts its transformation process and refocuses its core operations on industrial UPS, and high-quality service with a customer centric organization.
AEG Power Solutions finalizes its transformation process and becomes a private company again. The company expertise is called up to continuously offering adapted power solutions to demanding industrial markets, making them available in lighter version for commercial applications, and is leveraged to engineer and deliver solutions for energy storage applications.