Out past the buoys

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Now we are looking on the crossword clue: Out past the buoys.
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Possible Answers: ASEA.

Random information on the term “ASEA”:

Allmänna Svenska Elektriska Aktiebolaget (English translation: General Swedish Electric Company;[1] Swedish abbreviation: ASEA) was a Swedish industry company. It merged with the Swiss Brown, Boveri & Cie (BBC) in 1988 to form Asea Brown Boveri. ASEA still exists, but only as a holding company owning 50% of the ABB Group.
Taken from Wikipedia