of acquired companies as well as limited R&D resources due to the relatively small size of Facit compared to its American counterparts. In Swedish business theory, this is called "the Facit trap" (Swedish: Facitfällan), inability to follow a technology shift, even if skill and money is available. Also in the mid 1970s Facit's designs were cloned in products such as the VK-2 in Soviet Union. Facit was sold to Electrolux in 1973. In 1983 it was again sold to Ericsson, and the production of a microcomputer was initiated. Over four years, the Facit home computer became popular in Sweden. It offered some innovative solutions with a version of BASIC as a programming language. However, the venture was not profitable and it was terminated in 1988. The company was subsequently divided between foreign owners. The remainder of the corporation known as Facit AB was finally terminated in 1998. References PETTERSSON, T. (2003) I teknrevolutionens centrum: företagledning och utveckling i Facit 1957–1972, [In the middle of The Technology Revolution: Management and Development in Facit, 1957–1972], Uppsala Papers in Financial and Business His- tory, report 16. SANDSTRÖM, C. (2013) Facit and the displacement of mechanical calculators, IEEE Annals of the History of Computing, Vol 35(3), pp. 20–31. Available here. External links Defunct manufacturing companies of Sweden Mechanical calculator companies