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AEG was founded as the Deutsche Edison-Gesellschaft für angewandte Elektricität in 1883 by Emil Rathenau. A merger with subsidiary Telefunken AG and subsequent acquisitions by Daimler AG and finally Electrolux shaped AEG into the forward-thinking company it is now. Innovation is at the heart of AEG. It is the driving force behind some of the best-known inventions for the home, from creating the first electric refrigerator to the first heat pump technology for tumble dryers.