Fact-checked by Grok 2 weeks ago

Alvis plc

Alvis plc was a defence contractor focused on the manufacture of armoured fighting vehicles and associated equipment, evolving from an early 20th-century automotive firm into a key supplier for military forces worldwide. Founded in 1919 in as a producer of cars and aero-engines, the company shifted emphasis to military vehicles during and after the Second World War, developing notable products such as the wheeled armoured car, , , and Stormer infantry combat vehicle, which were exported to over 60 countries and formed the backbone of the Army's armoured fleet. By the late , strategic acquisitions—including Hägglunds Vehicle AB in 1997 and plc's armoured division in 1998—positioned Alvis as Europe's preeminent producer of and medium armoured vehicles, supplying 93 percent of the Army's such platforms. The company further expanded in 2002 by acquiring Defence Systems from Rolls-Royce, enhancing its capabilities in heavy armoured systems. Alvis plc was ultimately acquired by in 2004 for approximately £355 million, after which its operations were restructured into Land Systems.

Origins and Early Development

Formation from Alvis Ltd.

Alvis Ltd., originally established as T.G. John Ltd. in 1919 by engineer Thomas George John in , , initially focused on designing and manufacturing luxury motor cars before diversifying into aero-engines and armored vehicles by the 1930s. The company was renamed Alvis Car and Engineering Co. Ltd. in 1921 and shortened to Alvis Ltd. in 1936 amid expansion into military applications, particularly during when it produced tanks and other defense equipment. Following post-war nationalization and consolidation within the British motor industry, Alvis Ltd. came under the control of in 1965, which held a majority stake, and was subsequently integrated into in 1967 as part of the broader Motor Corporation formed in 1968. By the late 1970s, amid 's financial struggles, the Alvis division—centered on armored fighting vehicles like the —emerged as a viable entity for divestiture, reflecting the original company's shift away from civilian automotive production toward specialized military engineering. In 1981, United Scientific Holdings plc (USH), a diversified firm incorporated in 1962, acquired the Alvis armored vehicle division from , preserving its operations and workforce while refocusing USH's portfolio on defense manufacturing. This acquisition marked the direct lineage from the legacy Alvis Ltd. business, as USH integrated and expanded the Scorpion family of light tracked vehicles, which became central to its revenue. Alvis plc was formally formed on March 23, 1992, when USH underwent restructuring to emphasize its core armored vehicle operations and changed its name to Alvis plc, signaling a full rebranding around the acquired Alvis heritage rather than its prior scientific holdings. This transition consolidated the entity's identity, with Alvis plc inheriting the technological legacy of Alvis Ltd.'s military innovations while operating as a public limited company listed on the London Stock Exchange, poised for further defense sector growth.

Shift to Military Vehicles

In the mid-1930s, Alvis began diversifying beyond civilian automobiles into armoured fighting vehicles and aero engines, prompting a name change from to Alvis Ltd. in to reflect these expansions. This move was driven by company directors' recognition of the limitations of car production amid economic pressures and rising geopolitical tensions in , leading to early involvement in prototypes such as the Alvis-Straussler armoured cars, with the model entering limited operational use by 1937. The outbreak of the Second World War in accelerated this transition, as Alvis halted all civilian car manufacturing within weeks to prioritize wartime demands. The company produced a range of military vehicles, including armoured cars, scout cars, and staff cars, alongside subcontracting aero engine assembly for the Royal Air Force, such as components for Rolls-Royce models. This full pivot sustained Alvis through the conflict, establishing military vehicles as a , with production emphasizing lightweight, high-mobility designs suited to and support roles. Post-war, Alvis maintained and expanded its military vehicle focus, developing the FV600 series of six-wheeled armoured platforms in the 1950s, including the Saladin (FV601) armoured car, which entered British Army service in 1958 with a weight of 11 tonnes and a top speed of 72 km/h, and the Saracen (FV603) armoured personnel carrier. These vehicles marked a maturation of Alvis's expertise in high-mobility tracked and wheeled designs, prioritizing reliability in export markets and NATO-aligned forces, while civilian car output dwindled and ceased entirely by 1967. This enduring emphasis on defence laid the groundwork for the later formation of Alvis plc as a dedicated military manufacturer.

Key Products and Technological Contributions

Light Armored Vehicles

Alvis produced the FV601 , a six-wheeled vehicle equipped with a 76 mm rifled gun, Rolls-Royce petrol engine delivering 130 horsepower, and aluminum armor resistant to small-arms fire. Entering production in 1958, approximately 1,778 units were manufactured until 1972, with exports to over 20 countries including , , and for border patrol and internal security roles. The company also developed the Combat Vehicle Reconnaissance (Tracked) (CVR(T)) family in the , comprising lightweight aluminum-armored vehicles for rapid and fire support. The , the family's lead model, mounted a 76 mm L23A1 low-pressure , achieved speeds up to 80 /h, and weighed 8 tonnes, enabling air transportability by . Production exceeded 3,000 CVR(T) variants collectively, including , with the receiving initial deliveries in 1972 and subsequent exports to nations like and . Derived from the CVR(T) chassis, the FV4333 Stormer served as a tracked armored personnel carrier with capacity for 12 troops plus a of two, amphibious capability, and optional armaments such as 20 mm cannons or anti-tank missiles. Introduced in the late 1970s as a private venture, it featured enhanced hull width for improved stability and a diesel engine for better fuel efficiency over the original CVR(T) petrol powerplants; exports included 1,500 units to in the 1980s for transport. In the wheeled category, Alvis offered the Scarab scout vehicle, a 4x4 design with aluminum armor protecting against 7.62 mm armor-piercing rounds and anti-tank mines, powered by a diesel engine for off-road mobility up to 100 km/h. Marketed in the for liaison and duties, it emphasized low cost and air-deployability but saw limited adoption beyond prototypes and trials. These vehicles underscored Alvis's emphasis on lightweight, versatile platforms balancing , , and export viability, though production shifted toward upgrades like the Mk 2 variant with enhanced sensors by the .

Wheeled Armored Vehicles

Alvis plc developed and produced a range of light wheeled armored vehicles suited for , , and rapid operations, emphasizing , small-arms , and versatility across 4x4 and 6x6 configurations. These platforms built on Alvis's historical expertise in wheeled designs but focused on modern requirements for export markets and applications during the and early 2000s. The Tactica family, originating from GKN Defense designs and continued under Alvis plc following the 1997 acquisition of GKN's armored division, comprised 4x4 and 6x6 variants optimized for , engineering, and personnel transport roles. Introduced in 1988 with production extending into the Alvis era, the Tactica featured a providing ballistic protection against 7.62mm rounds and blast resistance from anti-personnel mines, powered by a or delivering up to 160 hp for speeds exceeding 100 km/h on roads. Exported to at least eight countries including and for duties, it accommodated variants such as ambulances and command posts with capacities for 8-10 personnel. The Scarab represented Alvis plc's emphasis on agile and vehicles, a 4x4 platform with V-shaped hull for enhanced mine protection against 6-10 kg equivalents and armor defeating 7.62mm armor-piercing ammunition. Designed for and border patrol units, it utilized a Unimog chassis derivative with , achieving off-road speeds up to 60 km/h and carrying 4-6 crew with modular weapon mounts for machine guns or anti-tank missiles. Evolving from earlier and concepts, the Scarab prioritized low-signature operations and was marketed for , though production remained limited. In the late , Alvis plc collaborated with on prototype, a 4x4 offensive action vehicle intended to supersede legacy light wheeled assets like Land Rovers in British service. Featuring a , composite armor for 360-degree small-arms defense, and a rear-facing , emphasized high mobility with air-transportability by C-130 and rapid deployment for strike roles, but it did not enter full production.

Corporate Expansion and Acquisitions

Acquisition of GKN Armored Division

In September 1998, Alvis plc entered into an agreement with plc whereby injected its armoured vehicles division into Alvis in exchange for new shares representing approximately 30% ownership in the enlarged company. The division, valued at around £78 million, specialized in producing key products such as the Warrior infantry fighting vehicle and the wheeled , thereby bolstering Alvis's capabilities in tracked and wheeled armoured systems. Specifically, received 31,882,534 new ordinary shares in Alvis as consideration for the transfer of its armoured vehicle activities. The transaction, announced on 15 September 1998 following merger talks, aimed to create a stronger entity in the defence sector amid consolidating market pressures, with the combined firm projected to generate annual sales exceeding £300 million. It resulted in immediate restructuring, including the anticipated elimination of 200 to 300 jobs across overlapping operations, primarily to eliminate redundancies in administrative and support functions. This acquisition positioned Alvis as a more comprehensive provider of light and medium armoured vehicles, integrating GKN's established export successes, such as Piranha variants sold to multiple international militaries, with Alvis's existing portfolio. GKN's stake in Alvis, initially retained post-transaction at 29.9%, provided the firm ongoing influence until its in 2003. The deal enhanced Alvis's competitive edge in bidding for UK Ministry of Defence contracts, including upgrades to the fleet, while expanding production synergies at facilities transferred from GKN's sites. No significant regulatory hurdles were reported at the time, reflecting the strategic alignment in a shrinking European defence market dominated by cost efficiencies and export-driven revenues.

Purchase of Vickers Defence Systems

In August 2002, Alvis plc announced its agreement to acquire Defence Systems (VDS) and Vickers Bridging from Rolls-Royce plc for £16.2 million, positioning Alvis as the United Kingdom's preeminent manufacturer of armoured vehicles by integrating VDS's expertise in heavy tracked platforms such as the with Alvis's strengths in lighter wheeled and tracked systems. The deal, approved by regulators, was motivated by Alvis's strategic aim to consolidate domestic capabilities amid global defense consolidation, leveraging VDS's £253 million order book—which included a £218 million contract for engineer tank systems—to bolster Alvis's export-oriented portfolio. The acquisition closed on 30 September 2002, with VDS operations merging into Alvis to form Alvis Vickers Limited, a focused on tracked production at sites including and . This move addressed Alvis's prior limitations in heavy armor, following its 1998 purchase of GKN's defence division, and enhanced competitiveness against international rivals like Germany's Krauss-Maffei Wegmann, though VDS carried legacy challenges from the Challenger 2 program's cost overruns and delays under Rolls-Royce ownership. Post-acquisition, Alvis prioritized integrating supply chains and technology transfers, contributing to subsequent contracts such as life-extension upgrades.

Financial Trajectory and Operational Challenges

Profitability and Export Successes

Alvis plc recorded improved financial results in , with sales increasing to £348.8 million from £225.7 million in , alongside income of £20.3 million. These figures reflected pre-tax profits of approximately £18.9 million on annual sales of £349 million, driven by a combination of domestic orders and sustained revenue from armored vehicle programs. Export contracts played a key role in bolstering profitability, particularly through legacy and acquired product lines. The integration of Vickers Defence Systems in brought access to the program, which secured Oman's orders totaling 38 vehicles—18 in June 1993 for £140 million and 20 more in November 1997 for £100 million—marking the only export success for the platform and contributing materially to divisional financial performance via production, delivery, and support obligations. Earlier Alvis designs, such as the FV601 armored car, had achieved substantial export volumes to over a dozen nations, providing a foundation of international reputation and ongoing sustainment revenues into the plc era. The acquisition of subsidiaries like Alvis Hägglunds further enhanced export prospects, with vehicles such as the demonstrating competitiveness in international tenders, though specific values under Alvis ownership were tied to pre-existing programs. These efforts aligned with Alvis's strategy of pursuing profitable growth in global markets, where export deals offset domestic uncertainties.

Market Pressures and Restructuring

In the late 1990s and early 2000s, Alvis plc encountered significant market pressures stemming from post-Cold War reductions in European defense spending, which contracted the armored vehicle sector and intensified competition among over 30 manufacturers vying for a diminishing pool of contracts. The company's heavy reliance on export orders exacerbated these challenges, as delays in securing and fulfilling them led to underwhelming financial performance; for instance, in September 1999, Alvis reported that anticipated export prospects would not materially improve results for the 2000 , prompting a sharp decline in share price as investors reacted negatively. Domestically, the of Defence's approached an "order drip-feed" pattern, straining Alvis's stability and limiting scalability in a consolidating industry where larger rivals like and posed direct threats. To address these pressures, Alvis undertook targeted restructurings aimed at and strategic refocus. In , following losses at its parent Scientific Holdings, the firm rebranded as Alvis Holdings and divested non-core subsidiaries to concentrate resources on armored vehicles. By 1998, it integrated GKN's light-armored vehicle division, allowing GKN to acquire a 30% stake while enhancing Alvis's product portfolio amid market fragmentation. Further streamlining occurred in 2001, when Alvis sold its remaining stake in the Avimo optronics subsidiary to , positioning itself as a dedicated "pure-play" armored vehicle entity. The 2002 acquisition of Vickers Defence Systems for £16 million marked a pivotal consolidation step, merging operations with Alvis Vehicles to form Alvis Vickers Ltd and incurring up to £7.5 million in initial restructuring costs, though projected to boost earnings thereafter. This move rationalized overlapping manufacturing but triggered ongoing reviews, culminating in January 2004 with operational restructuring at the factory—including 240 redundancies across the group, sparing the site—and the closure of its office to eliminate redundancies and align with core UK-focused production. These actions reflected broader trends toward mergers and gains to withstand competitive and budgetary headwinds.

Acquisition by BAE Systems

Competing Bids from General Dynamics

In March 2004, , a of the American defense contractor , launched a recommended cash offer to acquire Alvis plc for approximately £309 million, equivalent to 280 pence per share. This bid was approved by the Alvis board and aimed to enhance ' European market presence, particularly in armored combat vehicles, where Alvis held expertise in products like the and upgrades. By early June 2004, the offer had secured acceptances for about 21.55% of Alvis shares, though , which held a 28.7% stake, expressed opposition and considered a counter-proposal. The cleared the bid under merger regulations on May 26, 2004, determining it would not significantly impede competition in the internal market for armored combat vehicles, despite overlaps with ' existing products like the . The clearance assessed horizontal effects in infantry fighting vehicles and direct fire support vehicles, concluding that Alvis's limited market share—below 5% in key segments—and the presence of competitors such as Krauss-Maffei Wegmann's and the U.S. would maintain rivalry. concerns, including potential in fire control systems, were dismissed due to Alvis's minor role as a supplier. The offer was set to close on June 7, 2004, prompting speculation of a bidding war. On June 3, 2004, announced a rival offer of 320 pence per share, valuing the remaining 71% of at £355 million and the entire at approximately £652 million including its existing stake. The Alvis board recommended acceptance of BAE's higher bid, which outbid by about 14% and aligned with retaining over capabilities. subsequently withdrew, allowing BAE to proceed with the acquisition, which was later approved by the on July 8, 2004, after reviewing similar competitive dynamics. This outcome preserved Alvis's integration into a UK-based entity rather than a U.S. one, amid broader industry consolidation trends.

Government Influence and Completion

The UK Ministry of Defence (MoD) expressed concerns over implications of foreign ownership of Alvis, the sole British manufacturer of armoured combat vehicles, but indicated readiness to approve ' £309 million bid despite these issues, viewing the matter primarily as commercial for shareholders while deferring security and policy aspects to regulators. , already holding a 28.7% stake in Alvis acquired from in 2003, leveraged its position to launch a higher £355 million cash offer on 3 June 2004, securing Alvis board support and irrevocable commitments from additional shareholders, which prompted to withdraw without raising its bid by the 7 June deadline. This outcome aligned with broader sentiments favoring retention of British ownership for strategic defence capabilities, though no direct blocked the American bid; the MoD's primary role remained as Alvis's key customer, influencing requirements for armoured vehicles without dictating ownership. Regulatory scrutiny focused on competition and defence sector consolidation. The UK's had previously cleared BAE's initial 28.95% stake purchase in Alvis in November 2003 under the Enterprise Act 2002, noting no substantial lessening of competition. For the full takeover, the , after initially approving a hypothetical acquisition in late May 2004, granted clearance to BAE's bid on 10 August 2004 under the EU Merger Regulation, determining no significant impediment to effective competition despite BAE's enhanced control over armoured vehicle production and subsystems like 120mm turrets. The deal faced no reported government veto, reflecting policy tolerance for foreign involvement in non-core defence assets while prioritizing in the bidding war. The acquisition completed in August 2004, integrating Alvis Vickers into Land & Armaments, with Alvis's operations merged alongside BAE's for enhanced synergies in tracked and wheeled armoured platforms. This transaction, valued at approximately £355 million for the remaining 71% stake, bolstered BAE's position as the UK's preeminent defence contractor in land systems, preserving domestic capabilities amid export-driven growth for vehicles like the and .

Post-Acquisition Legacy

Integration into BAE Land Systems

Following ' acquisition of Alvis plc in June 2004 for £355 million, the company integrated Alvis Vickers with its existing RO Defence division to form . This merger combined Alvis's expertise in armored fighting vehicles, such as the , with RO Defence's munitions and capabilities, creating a unified entity focused on comprehensive solutions. The integration bolstered ' land systems operations, which had previously been limited, into a more robust and competitive division employing around 2,600 personnel from Alvis alone. The process emphasized operational synergies without immediate plant closures or job losses, as stated by BAE sources at the time of the deal. Land Systems handled , , and of key platforms, including continued manufacturing and upgrades for vehicles. By 2005, the successful integration of Alvis, alongside the acquisition of Industries, expanded the unit into Land & Armaments, a global leader in ground combat systems with enhanced research, , and sustainment capacities. This restructuring strengthened BAE Systems' position in the UK defense sector, enabling better alignment with government programs like the Future Rapid Effects System (FRES) through dedicated teams involving Alvis facilities. The merged entity facilitated in supply chains and technology sharing, contributing to sustained successes and operational efficiency in armaments. Over time, BAE Systems Land Systems evolved into components like Global Combat Systems, preserving Alvis's legacy in wheeled and tracked vehicles while adapting to modern defense requirements.

Enduring Impact on British Defense Industry

The acquisition of Alvis plc by BAE Systems in 2004 ensured the consolidation of the United Kingdom's armored vehicle manufacturing under domestic ownership, averting a potential takeover by the American firm General Dynamics and thereby preserving national sovereignty over critical defense technologies. Prior to the deal, Alvis Vickers supplied approximately 90% of the British Army's armored vehicles, including key platforms such as the Warrior infantry fighting vehicle and Challenger 2 main battle tank. This integration into BAE Systems Land Systems maintained production facilities, engineering expertise, and supply chains in the UK, supporting ongoing military requirements and export markets in over 75 countries. Post-acquisition, Alvis's legacy contributed to sustained upgrades and sustainment of legacy fleets, with 759 variants—originally produced under Defence, acquired by Alvis—remaining in service through modernization programs. The merger with BAE's Defence business enabled integrated production of vehicles and associated weapon systems, enhancing efficiency in turreted systems and other subsystems. This structure bolstered the UK's , as Alvis-derived platforms continued to generate and technological loops for domestic forces. The enduring impact extended to industrial resilience, retaining skilled labor and R&D capabilities that informed subsequent programs, despite later global restructurings within BAE Land & Armaments. By centralizing expertise, the deal mitigated fragmentation in the sector, which had seen multiple mergers, positioning BAE as Europe's leading armored vehicle provider and safeguarding against over-reliance on foreign suppliers for core Army equipment.

References

  1. [1]
    Alvis Plc -- Company History
    The strategic aim of Alvis is to achieve above average returns to shareholders through profitable growth in the market for military vehicles and related ...Missing: achievements | Show results with:achievements
  2. [2]
    [PDF] Vickers Defence History
    Alvis Limited was formed in Coventry by Mr T G John in 1919 to manufacture motor cars. It is not known for certain what gave rise.Missing: defense | Show results with:defense
  3. [3]
    Commission approves acquisition of British combat vehicles maker ...
    Aug 10, 2004 · Commission approves acquisition of British combat vehicles maker Alvis by BAE Systems. The European Commission has granted clearance under the ...
  4. [4]
    Alvis - Graces Guide
    Jul 11, 2021 · Alvis produced cars, aero-engines, and military vehicles from 1919 to 1967. The first car model was the 10/30, and the last car model was the ...Missing: defense | Show results with:defense
  5. [5]
    ALVIS LIMITED overview - Find and update company information
    Previous company names ; ALVIS PLC, 23 Mar 1992 - 20 Apr 2005 ; UNITED SCIENTIFIC HOLDINGS P L C, 30 Jul 1962 - 23 Mar 1992 ...Missing: transition | Show results with:transition
  6. [6]
    Alvis Ltd. - GlobalSecurity.org
    After absorbing former rival GKN's armored vehicle division in 1998, Alvis has made public its intention to acquire Vickers Defence Systems, the heavy-armored ...
  7. [7]
    Alvis Car History
    Alvis began to develop their own aero engine designs, the famous Leonides making its first flight in early 1939. Alvis made a tremendous contribution to the war ...
  8. [8]
    The history of the Alvis-Straussler Armored Car - Militär Aktuell
    Sep 14, 2021 · The Alvis-Straussler armored car, developed by Straussler, was used on both sides in WWII. The A.C.1 prototype was made in 1933, and the A.C.3 ...
  9. [9]
    The History of Alvis Cars: A Tradition of British Excellence
    Nov 1, 2023 · With World War II just weeks old, Alvis cars stopped being produced and focus shifted to support the war effort. The company manufactured a ...
  10. [10]
    Alvis: from luxury cars to military equipment - ClassicCarPassion.com
    As well as producing cars, Alvis began assembling aircraft engines for the RAF in 1936, and the Second World War prompted the company to join the war effort by ...
  11. [11]
    SALADIN (Reconnaissance Vehicle) - Army Guide
    The Saladin is officially known as the FV601(C) Armoured Car 76 mm Gun (Alvis Saladin Mk 2 6 x 6). The Saladin has been replaced in all front-line British units ...
  12. [12]
    Armoured Car, 6x6, FV601 Saladin - Tank Encyclopedia
    Feb 22, 2025 · The Armoured Car, FV601, Saladin was a 6×6 armored car developed by the British Army in the immediate years following the Second World War.
  13. [13]
    FV101 Scorpion CVR(T) (Reconnaissance Vehicle) - Army Guide
    In November 1981, the Royal Air Force Regiment at Catterick formally took delivery of its first Alvis CVR(T) Scorpions for airfield defence. This order was ...
  14. [14]
    FV 4333 Stormer - GlobalSecurity.org
    Mar 16, 2023 · Alvis Vehicles in the 1970s built the original Stormer armoured personnel carrier (APC), then known as the FV4333, using components of its ...
  15. [15]
    Stormer (Tracked armoured personnel carrier) - Army Guide
    The Stormer is a tracked armoured personnel carrier, a development of the FV4333, with a wider hull and a diesel engine, and is a preferred choice for many ...
  16. [16]
    Scarab (Reconnaissance Vehicle) - Army Guide
    Scarab has a high level of protection against small-arms fire, shell splinters and anti-tank mines. Protection is provided against 7.62mm armour-piercing (AP) ...
  17. [17]
    [PDF] SCARAB | Alvis Archive
    Scarab redefines the fast armoured scout/liaison vehicle. It has the flexibility to meet the needs of a wide range of forces from airborne to border patrol.
  18. [18]
    Scimitar Mark 2 Light Armoured Reconnaissance Vehicle
    Jun 19, 2014 · Scimitar Mark (Mk) 2 is a modernised version of the Scimitar armoured reconnaissance vehicle designed and manufactured by Alvis (now BAE Systems).
  19. [19]
    alvis plc - Army Guide
    Alvis supplies 93 per cent of the British Army's and 80 per cent of the Swedish Army's armoured vehicles, and has other customers in 75 countries. Alvis ...Missing: achievements | Show results with:achievements
  20. [20]
    Alvis Tactica - Tank Encyclopedia
    Sep 20, 2023 · The Alvis Tactica was a British 4x4 Internal Security Vehicle introduced in 1988 and sold to 8 countries. Production lasted until 2012.
  21. [21]
    Tactica (Wheeled armoured personnel carrier) - Army Guide
    The Tactica family is a complete range of versatile, cost-effective 4x4 wheeled vehicles ideally suited for use by military forces in many roles.
  22. [22]
    Alvis Shadow 'Offensive Action Vehicle' - Tank Encyclopedia
    Oct 25, 2023 · The Alvis Shadow was a late '90s UK/US prototype meant to replace light wheeled vehicles in service and potentially be exported.
  23. [23]
  24. [24]
    Jobs axed in pounds 78m Alvis and GKN defence merger
    Sep 16, 1998 · Under the terms of yesterday's deal, GKN will inject its armoured vehicles division, maker of the Warrior and Piranha carriers, into Alvis ...Missing: plc | Show results with:plc
  25. [25]
    [PDF] Alvis plc - Archived 12/2005
    Dec 3, 2004 · Nine prototype tanks were fabricated for the initial demonstration phase, which ran through September 1990. Following evaluations, the Ministry ...
  26. [26]
    GKN/Alvis - Financial News London
    GKN is expected to take a stake of up to 49% in the combined company which will be listed on the London Stock Exchange and be valued at more than £300m. Nick ...<|separator|>
  27. [27]
    GKN plc - Company-Histories.com
    In late 1998 the company combined its armored vehicle business with that of Alvis plc in return for a 29.9 percent stake in Alvis. In mid-2000 GKN reached a ...
  28. [28]
    Boxer and the British Army — An Illustrated History - Think Defence
    Alvis was awarded a non-competitive contract by the MoD to develop plans for the Assessment Phase of a future FRES programme. The target in-service date was set ...
  29. [29]
    History of GKN plc – FundingUniverse
    In late 1998 the company combined its armored vehicle business with that of Alvis plc in return for a 29.9 percent stake in Alvis. In mid-2000 GKN reached a ...
  30. [30]
    Alvis buys Vickers' defence business - The Guardian
    Aug 2, 2002 · He insisted that the combined business, which embraces Sweden's Hägglunds and GKN's defence unit, bought in 1997 and 1998 respectively, would ...Missing: division date
  31. [31]
    Alvis Vickers - Graces Guide
    Aug 3, 2013 · 2002 Alvis group purchased Vickers Defence Systems and Vickers Bridging, making it the dominant UK maker of armoured vehicles.Missing: buys | Show results with:buys
  32. [32]
    GD2130A1 Alvis PLC | PDF - Scribd
    Financial Results/Corporate Statistics. Alvis' 2003 sales rose to GBP348.8 million from GBP225.7 million in 2002. The company posted income of. GBP20.3 ...<|separator|>
  33. [33]
    General Dynamics' tanks outgun BAE to buy Alvis - The Times
    it has annual sales of £349m, profits of £18.9m, and 2,800 employees. The deal would give it the ...Missing: performance | Show results with:performance
  34. [34]
    Challenger 2 Main Battle Tank (UK)
    The only export customer so far has been Oman who placed a contract worth £140 million in July 1993, and a second contract in November 1997 worth £100 million ...
  35. [35]
    [PDF] Report on Sweden's Export Control Policy and Exports of Military ...
    Nov 18, 2002 · The Swedish producer of military vehicles Alvis Hägglunds AB is 100% owned by the British company Alvis plc. Bofors Defence AB, which ...
  36. [36]
    Alvis Plc | Encyclopedia.com
    The development of the company's aircraft and military vehicle components led it to shorten its name, to Alvis Ltd., in 1936.
  37. [37]
    Heavy blow for Alvis as investors take fright - The Herald
    Sep 14, 1999 · Alvis said prospects for export orders remained good, but their probable timing meant that they were unlikely to benefit performance in 2000.
  38. [38]
    [PDF] Defence Procurement - Parliament UK
    Jul 28, 2004 · In our region Alvis Vickers could be said to be on an order drip-feed and as a consequence its supply chain is less able to make the ...
  39. [39]
    News and Press Releases - Alvis Vickers Limited
    29 Jan 04, Alvis plc announces a restructuring of operations at the Telford factory of its UK subsidiary, Alvis Vickers Ltd, and the closure of its ...
  40. [40]
    Axe falls but North's jobs are safe - Chronicle Live
    Defence giant Alvis Vickers has announced 240 redundancies - but the workforce at its Tyneside factory will escape the axe.
  41. [41]
    [PDF] The Transatlantic Defense Industrial Base: Restructuring Scenarios ...
    Apr 1, 2005 · Terrence Guay examines the forces that have shaped the restructuring of the U.S. and European defense industries since the end of the Cold War, ...
  42. [42]
    Alvis bought out by General Dynamics | Business | The Guardian
    Mar 11, 2004 · Alvis, the British maker of tanks and armoured vehicles, today agreed to a £309m takeover by General Dynamics, as the US defence giant steps up its presence in ...
  43. [43]
    BAE outguns US rival with £355m bid for Alvis - The Guardian
    Jun 4, 2004 · General Dynamics, which is often cited as a potential merger partner for BAE, had won 21.55% acceptances for its agreed offer launched on ...
  44. [44]
    BAE trumps US bid for Alvis with £355m deal | The Independent ...
    BAE, which has a 28.7 per cent stake in Alvis, has offered 320p a share, trumping General Dynamics' bid and securing a recommendation from the Alvis board. BAE ...
  45. [45]
    [PDF] Case No COMP/M.3418 - GENERAL DYNAMICS / ALVIS
    May 26, 2004 · The acquisition concerns the defence sector, in particular armoured combat vehicles. (ACV) and related sub-systems. If a suitable product is not ...
  46. [46]
    Fitch Affirms BAE Systems' Ratings On Alvis Announcement
    BAE SYSTEMS already owns 28.7% of Alvis, having acquired the stake from GKN Plc in August 2003. The tank manufacturer has operations in the UK, South Africa ...
  47. [47]
    General Dynamics Loses Bid for Britain's Alvis - The Washington Post
    Jun 3, 2004 · The Alvis acquisition "shows that BAE is going to actively defend" parts of the British market, said Philip Finnegan, corporate analyst with ...
  48. [48]
    [PDF] Case No COMP/M.3491 - BAE SYSTEMS / ALVIS
    Jul 8, 2004 · Pursuant to the Offer announced on 3 June 2004 and posted 1 July 2004, BAES intends to acquire the remaining 71% of the share capital of Alvis ...
  49. [49]
    BAE fury at rival's surprise Alvis bid | Business - The Guardian
    Mar 11, 2004 · BAE Systems, Britain's leading defence contractor, was last night considering a counter-bid for Alvis after the American group General DynamicsMissing: plc competing
  50. [50]
    [PDF] Completed acquisition by BAE SYSTEMS Plc of 28.95 per cent stake ...
    3. In 1998 Alvis acquired GKN's armoured vehicles division as a result of which GKN took a 28.95 per cent shareholding in Alvis. BAE SYSTEMS have now acquired.
  51. [51]
    BAE Systems plc / Alvis plc - GOV.UK
    Nov 21, 2003 · OFT closed case: Completed acquisition by BAE Systems plc of a 28.95% stake in Alvis plc. Affected market: Defence equipment.
  52. [52]
    Uncorrected Evidence bae - Parliament UK
    First, by the acquisition of Alvis Vickers (by this time Alvis had acquired Vickers) in August 2004. This acquisition had the effect of strengthening its ...Missing: government intervention<|control11|><|separator|>
  53. [53]
    About us | Rheinmetall BAE Systems Land (RBSL)
    In 2004, the BAE Systems Land Systems business was formed, following the acquisition of Alvis Vickers alongside Royal Ordnance Defence (already owned by BAE ...
  54. [54]
    [PDF] Delivering real advantage - BAE Systems
    In 2005 BAE Systems acquired. United Defense, who have produced the Bradley Combat System for over 20 years. The Bradley family of vehicles is a key vehicle ...
  55. [55]
    [PDF] Alvis Vickers enhances business operations
    Alvis Vickers is re-shaping its business operations across the UK to ensure the company remains competitive and effective in the global marketplace.
  56. [56]
    [PDF] Obsolescent and outgunned: the British Army's armoured vehicle ...
    Mar 14, 2021 · consolidation of the manufacturers of the armoured vehicle fleet (Alvis, GKN Defence,. Vickers) into a single company, BAE Systems Land Systems.