Daimler-Benz absorbs AEG

  • Date
    5 June 1996
  • Description
    At the 132nd and last Annual General Meeting of AEG, the decision is taken to merge AEG AG into Daimler-Benz AG with effect from 1 January 1996, after the transfer of operative business activities to legally independent entities.The Energy Technology and Systems and Automation Technology units are sold off and the Microelectronics Division (TEMIC), Rail Systems (Adtranz) and Postal Automation (AEG Electrocom) are directly managed by Daimler-Benz AG. The industrial management of the Diesel Engines Division is transferred to Mercedes-Benz AG.