Lars Magnus Ericsson (May 5,
1846 - December 17, 1926) was a Swedish inventor, entrepreneur and founder of telephone equipment manufacturer Ericsson (incorporated as
Telefonaktiebolaget LM Ericsson).
Magnus was born in Värmskog, Värmland and grew up in the small village of Vegerbol, between Karlstad and Arvika.
the age of twelve his father died, and he had to start working as a
. He worked until he had money enough to leave
the village and move to Stockholm in 1867.
He then worked for six years for an
instrument maker named Öllers & Co.
who mainly created
equipment. 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 who had also
worked at Öllers & Co.
. This workshop was actually a
former kitchen of some 13 m2
Drottninggatan 15 in the most central part of Stockholm. Here, he
started a telephone
company by analyzing
Bell company and Siemens telephones and creating his own copies in
their image. It was not until they started cooperating with
Henrik Tore Cedergren
that the company would start to grow into the Ericsson
corporation as we know it today.
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
He is said to have been a demanding person, and disliked any direct
publicity about his personality and did not wish to be idolized. He
was, however, deeply respected by his employees. He was always a
skeptic and cautious in business. He was also somewhat opposed to
, as many of the products he made
would not have been possible to do if the patent legislation had
been overly effective. When his phones were copied by Norwegian
companies he did not care, as his phones were in turn largely
copied from Siemens. He initially did not believe in a mass market
for telephones, and saw it as a toy
for the leisure class.
death in 1927, he was buried at Hågelby gård in Botkyrka.
his explicit request, there is no headstone
marking his grave.