He went to school in Gävle and also spent 18 months in Germany, France, England and the United States in order to acquire experience in conducting international business.

[3] Göransson also placed an order for two furnaces, a boiler, a steam blowing engine, and everything required for their installation at Edske, with W & J Galloway & Sons before returning to Sweden.

The Swedish Ironmasters' Association, known as the Jernkontoret, sent a committee to observe the experiments after Göransson successfully lobbied them for help, and later sanctioned a loan and assigned a metallurgist to help him perfect the process.

[9][10][11][12] He founded the firm Högbo Stål & Jernwerks AB on 31 January 1862 in Sandviken, Sweden[7][13] and presented the now commercially viable Bessemer process at the International Exhibition in London.

[10] In 1868, the company was acquired and reconstructed into Sandvikens Jernverks AB[4] with his eldest son, Anders Henrik Göransson as managing director and Per Murén as chairman.

[18] He is also responsible for the founding of Sandviken in 1862, which grew from a small fishing community on the bay of the Storsjön lake to a thriving town around the steelworks that he had established, and where most residents worked or owed their livelihoods to the company.