What happened to the Marconi company?
In 2006, financial difficulties led to the collapse of the remaining company, with the bulk of the business acquired by the Swedish telecommunications company Ericsson. In 1999, its defence equipment manufacturing division, Marconi Electronic Systems, merged with British Aerospace (BAe) to form BAE Systems. In 2006, financial difficulties led to the collapse of the remaining company, with the bulk of the business acquired by the Swedish telecommunications company Ericsson.