Society for electrical companies

This article deals with the Society for Electrical Enterprises ( Gesfürel ). For the Continental Society for Electrical Enterprises ( Continentale ) see there. In addition, there was a German society for electrical companies , which in 1902/03 in the EAG. W. Lahmeyer & Co.

Society for electrical companies
legal form	Corporation
founding	1894
resolution	1942/1943 (merged with AEG )
Seat	Berlin
management	Isidor Loewe (founder), Oskar Oliven (director)
Branch	Electrical engineering power supply

The Society for Electrical Enterprises , abbreviated as Gesfürel , was an investment company founded in 1894 and dissolved in 1942/1943, based in Berlin , which was used in the early days of the electrification of Germany around 1900 as an investor for the establishment and expansion of numerous electricity suppliers , electrical railway companies and other companies Electrical industry worked.

background

Gesfürel was a typical financing company in the German electrical industry at the end of the 19th century. Because of the large capital requirements and the high business risk at this stage of industrialization , some large companies founded in conjunction with banks and other financiers subsidiaries with no operating activities, for the purpose of participation in other companies (mostly on bonds served). So founded z. B. the Allgemeine Elektricitäts-Gesellschaft ( AEG ) 1895 the bank for electrical companies ("Elektrobank") and the Elektrizitäts-Lieferungs-Gesellschaft (ELG) . The Elektrizitäts-AG formerly Schuckert & Co. founded the Rheinische Schuckert-Gesellschaft for electrical industry AG in 1894 and in 1895 the Continentale Gesellschaft for electrical enterprises ("Continentale") .

history

Share over 1000 marks in the company for electrical companies on December 3, 1921

The company was founded in 1894 by the German-Jewish entrepreneur Isidor Loewe , the brother of Ludwig Loewe , together with the AEG and several banks ( Darmstädter Bank , Disconto-Gesellschaft , Dresdner Bank , private banks Born & Busse and S. Bleichröder ). Loewe recognized early on the importance of electrical energy for industrial development and the business potential it contained.

The longstanding director of Gesfürel was Oskar Oliven , the founder's son-in-law.

1929 was Gesfürel with its sister company Ludwig Loewe & Co. and the AG for gas, water and Elektricitäts systems (Agewa) to society for electrical enterprises Ludwig Loewe & Co. merged.

In 1930 the Gesfürel participated in the support of the ailing AEG by buying AEG shares for 25 million Reichsmarks as part of a capital increase . Afterwards, both companies sent representatives to the supervisory board .

Under pressure from the Nazi government , the contract between Gesfürel and the AEG was canceled in 1936. In the further course the Gesfürel was " Aryanized ", the Jewish Loewe family was pushed out of the management and the addition to the name Ludwig Loewe & Co. was deleted again. The Loewes emigrated to the USA and were expropriated by the Nazis in 1938.

In 1942/1943 the Gesfürel were merged with the AEG.

Holdings

The Gesfürel financed the following companies, among others:

Power plants and electricity suppliers: Elektrizitätswerk Südwest AG, (Berlin-) Schöneberg, 1899 Bannwil power station / Wangen electricity station (Switzerland), 1898/1903 Neckarwerke AG, Esslingen, 1906 Amperwerke Elektrizitäts-AG , Munich, 1908 Elektricitätswerk Schlesien AG, Breslau, 1909 Niedersächsische Kraftwerke AG ("Nike"), Ibbenbüren, 1912 Westerwald power station , 1913 Rhine power plant Laufenburg (Switzerland) Singen gas and electricity works , 1930 (takeover from Agewa)

Electric railway companies: Düsseldorf-Duisburger Kleinbahn GmbH, Kaiserswerth , 1899 Leipziger Außenbahn AG, Leipzig, 1900 Coblenz Tram Company Solinger Kleinbahn AG Stuttgarter Straßenbahnen AG 1906 Other: Knorr-Bremse , Berlin, 1905 Hirsch Kupfer- und Messingwerke AG, Eberswalde-Finow, 1906 Norddeutsche Kabelwerke AG, Berlin, 1910 AGO Flugzeugwerke GmbH, Oschersleben

Web links

• Early documents and newspaper articles on the society for electrical companies in the 20th century press kit of the ZBW - Leibniz Information Center for Economics .

Individual evidence

1. ^ Gerald Spindler: Law and corporate group. Interdependencies of legal and corporate development in Germany and the USA between 1870 and 1933 .. Mohr Siebeck, 1993, ISBN 3-16-146123-1
2. ^ Hans Pohl: Economy, business, credit system, social problems. Selected essays . Franz Steiner Verlag, 2005, ISBN 3-515-08583-1 .
3. ^ Eckhard Wandel : Banks and Insurance in the 19th and 20th Century . Oldenbourg Wissenschaftsverlag, Munich 1998, ISBN 3-486-55072-1 .
4. ↑ Michael Dorrmann: Eduard Arnhold (1849-1925). A biographical study of entrepreneurship and patronage in the German Empire . Akademie Verlag, 2002, ISBN 3-05-003748-2 .
5. ^ Society for Electrical Enterprises on reichsbankaktien.de (Attention, in this source Ludwig Loewe & Co. is confused with Loewe AG !)
6. ^ Maren Janetzko. Review by: Christof Biggeleben, Beate Schreiber, Kilian JLSteiner: "Aryanization" in Berlin and Gibas . Cornelia Briel, Petra Knöller: “Aryanization” in Leipzig: Approaching a long-suppressed chapter in the city's history from 1933 to 1945 . H-Soz-u-Kult, H-Net Reviews. February, 2008.
7. ↑ Court ruling from 2004 on the reimbursement procedure Gesellschaft für Elektrounternehmen Ludwig Loewe & Co. AG (PDF, English; 58 kB)
8. ↑ Robin Detje: What remains at the bottom line . In: Die Zeit , No. 3/2004.
9. ↑ AEG company history ( Memento of the original from July 19, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. on gerdflaig.de  
10. ↑ Ludwig Loewe & Co. AG company chronicle on albert-gieseler.de
11. ↑ 110 years of the D-Bahn. BZ Duisburg , November 1, 2009, accessed on March 16, 2018 . 
12. ↑ 1868-2001: The history of the Stuttgart trams  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. (PDF) on ssb-ag.de