Alvis PLC was a British motor vehicle manufacturer. It was created when United Scientific Holdings plc acquired the Alvis division of the nationalisation vehicle manufacturer British Leyland in 1981. United Scientific maintained its own name until 1992 when the group was renamed Alvis plc. Alvis acquired the armoured vehicle business of the Swedish engineering company Hägglund & Söner in 1997 and the armoured vehicle business of GKN in 1998.
Alvis acquired Vickers Defence Systems from Rolls-Royce plc in October 2002. It was in turn acquired by BAE Systems in 2004 and became BAE Systems Land Systems (Weapons & Vehicles), now part of the BAE Systems Land & Armaments operating group.
In 1992 United Scientific adopted the name Alvis plc.
In October 1997 Alvis acquired the armoured vehicle business of Hägglund & Söner, which was later renamed Alvis Hagglunds AB. In September 1998 Alvis acquired the armoured vehicle business of GKN in a deal which saw GKN take a 29.9% stake in Alvis. GKN's shareholding was purchased by BAE Systems in September 2003 for £73 million.. Press release
In early 2000 Alvis sold a share of its Avimo Group optronics subsidiary to Thomson-CSF and sold all of its remaining shareholding to Thales Group (the renamed Thomson-CSF) in 2001.
In 2002 Alvis acquired Vickers Defence Systems from Rolls-Royce for £16 million and merged it with its existing UK business to form Alvis Vickers. The acquisition of Vickers brought the Challenger tank into Alvis' portfolio, as well as Vickers' successful military bridging division and its South African subsidiary Vickers OMC.
In September 2004, BAE announced the creation of BAE Systems Land Systems, a new company bringing together the BAE subsidiaries, BAE Systems RO Defence and Alvis Vickers. Alvis Vickers became BAE Systems Land Systems (Weapons & Vehicles) Limited, a subsidiary of BAE Systems Land Systems. In 2005, the acquisition of United Defense led to the creation of BAE Systems Land & Armaments.
|
|