Difference between revisions of "United Scientific Holdings"
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1981 Acquired [[Alvis]] from the denationalization of BL<ref>The Times, Jul 03, 1981</ref> which more or less doubled the size of the company. | 1981 Acquired [[Alvis]] from the denationalization of BL<ref>The Times, Jul 03, 1981</ref> which more or less doubled the size of the company. | ||
1989 Announced loss due to problems at Avimo<ref>The Times, June 02, 1989</ref>. [[Meggitt]] launched a bid for the company but, after winning acceptances from a majority of shareholders, walked away from the deal<ref>The Times, November 21, 1989</ref>, after new financial information was released. Acquired [[Self-Changing Gear Co|Self Changing Gears]] from [[Cummins]]<ref>The Times October 25, 1989</ref> | 1989 Announced loss due to problems at Avimo<ref>The Times, June 02, 1989</ref>. [[Meggitt]] launched a bid for the company but, after winning acceptances from a majority of shareholders, walked away from the deal<ref>The Times, November 21, 1989</ref>, after new financial information was released. Acquired [[Self-Changing Gear Co|Self Changing Gears]] from [[Cummins Engine Co|Cummins]]<ref>The Times October 25, 1989</ref> | ||
1992 Changed name to [[Alvis|Alvis plc]]<ref>The Times, June 13, 1992</ref>. The electro-optic businesses were transferred to the '''Avimo Singapore''' subsidiary. | 1992 Changed name to [[Alvis|Alvis plc]]<ref>The Times, June 13, 1992</ref>. The electro-optic businesses were transferred to the '''Avimo Singapore''' subsidiary. |
Latest revision as of 12:35, 14 January 2018
of London. Supplier of optical, scientific and electronic equipment, mainly to overseas governments and military forces[1]
1965 Rights and Issues Investment Trust acquired 10 percent of the shares and, amongst other things, stimulated the company to assemble a catalogue of all of the equipment that it supplied; the principal subsidiary was United Scientific Instruments; most of its products were made to order by outside manufacturers.
1968 Public issue of shares.
1970 Acquired Helio Mirror, maker of periscopes[2]
1972 Sold United Beller Ltd[4]
1977 Acquired a major share of the equity of Optic Electronic Corporation of Dallas which also had a leading role in supplying military range-finders[5]
1980 Acquired US defence equipment company Ni-Tec[6]
1981 Acquired Alvis from the denationalization of BL[7] which more or less doubled the size of the company.
1989 Announced loss due to problems at Avimo[8]. Meggitt launched a bid for the company but, after winning acceptances from a majority of shareholders, walked away from the deal[9], after new financial information was released. Acquired Self Changing Gears from Cummins[10]
1992 Changed name to Alvis plc[11]. The electro-optic businesses were transferred to the Avimo Singapore subsidiary.
See Also
Sources of Information
- The Times Mar 08, 1969