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Concept
Bofors
Summary
AB Bofors (UKˈboʊfərz , USˈboʊfɔːrz , buːˈfɔʂː) is a former Swedish arms manufacturer which today is part of the British arms manufacturer BAE Systems. The name has been associated with the iron industry and artillery manufacturing for more than 350 years.
Located in Karlskoga neighboorhood of Bofors, Sweden, the company originates from the hammer mill "Boofors", which was founded as a royal state-owned company in 1646 when P. L. Hosman was permitted to erect a forge at the site. The modern corporate structure was created in 1873 with the foundation of Aktiebolaget (AB) Bofors-Gullspång.
The Bofors Works was acquired by Johan Eberhard Geijer (1733–1796) in 1762. It was then acquired by the latter's brother, Emanuel af Geijerstam.
A leading Swedish steel producer by the early 1870s, when steel began to be used for gun manufacture in Sweden, Bofors initially sold cast and forged steel produced by the Siemens-Martin process to Finspång gun works, but soon started to expand into weapons manufacture. The company's first cannon workshop was opened in 1884. Bofors' most famous owner was Alfred Nobel, who owned the company from 1894 until his death in December 1896. Nobel played a key role in reshaping the former iron and steel producer to a modern cannon manufacturer and chemical industry participant. The powder manufacturer AB Bofors Nobelkrut, later an explosives and general organic-chemical producer, was created in 1898 as a wholly owned subsidiary.By 1911, AB Bofors-Gullspång had outcompeted, bought and closed down its Finspång Swedish competitor in cannon manufacture. The company's name was shortened to AB Bofors in 1919.
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Bofors
AB Bofors (UKˈboʊfərz , USˈboʊfɔːrz , buːˈfɔʂː) is a former Swedish arms manufacturer which today is part of the British arms manufacturer BAE Systems. The name has been associated with the iron industry and artillery manufacturing for more than 350 years. Located in Karlskoga neighboorhood of Bofors, Sweden, the company originates from the hammer mill "Boofors", which was founded as a royal state-owned company in 1646 when P. L. Hosman was permitted to erect a forge at the site.
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