Walter Boveri

Boveri's ancestors originally came from Savoy and settled at the beginning of the 17th century in Iphofen, Lower Franconia.

His brother Theodor married to biologist Marcella O'Grady and they were the parents of journalist Margret Boveri.

Before the marriage, he received a generous loan from his future father-in-law, the Zurich silk industrialist Conrad Baumann.

Brown and Boveri signed an association agreement in December 1890, and three months later they chose Baden as the company location.

He decided that another company was needed for the planning, financing and construction of power plants so, in 1895, he founded Motor AG which later became Motor-Columbus.