The four piece Swedish band - who are set to join the Rock and Roll Hall of Fame next year, along with The Hollies, The Stooges, the Genesis and Jimmy Cliff - will join the prestigious roll of honour at a ceremony in New York, much to the surprise of the 'Waterloo' hitmakers.
Benny said: "I didn't think this would happen, because we were a pop band, not a rock band. Being a foreigner from the North Pole, this feels really good."
Meanwhile, Stooges frontman Iggy Pop, 62, said he was delighted to finally be recognised.
He said: "We've been rejected seven times, and we would have set a record, I think, if it happened again."
The acts will be inducted at a ceremony on March 15.