Company type | Holding company |
---|---|
Industry | Electrical engineering |
Founded | 1928 |
Headquarters | England |
Parent | Telent |
Associated Electrical Industries (AEI) was a British holding company formed in 1928 through the merger of British Thomson-Houston (BTH) and Metropolitan-Vickers electrical engineering companies. In 1967 AEI was acquired by GEC, to create the UK's largest industrial group. A scandal that followed the acquisition is said to have been instrumental in reforming accounting practices in the UK.[1]