 | |
| Founded | 1981 |
|---|---|
| Defunct | 2004 |
| Fate | Acquired byBAE Systems |
| Successor | BAE Systems Land Systems |
| Headquarters | London, England |
Alvis PLC was a British motor vehicle manufacturer. It was created whenUnited Scientific Holdings plc acquired theAlvis division of thenationalised vehicle manufacturerBritish Leyland in 1981. United Scientific maintained its own name until 1992 when the group was renamedAlvis plc. Alvis acquired the armoured vehicle business of the Swedish engineering companyHägglund & Söner in 1997 and the armoured vehicle business ofGKN in 1998.
Alvis acquiredVickers Defence Systems fromRolls-Royce in October 2002. It was in turn acquired byBAE Systems in 2004 and becameBAE Systems Land Systems (Weapons & Vehicles), now part of theBAE Systems Land & Armaments operating group.
Alvis became part ofRover in 1965, which ended the company's car manufacturing in 1967 to allow it to concentrate on the manufacture of armoured vehicles.[1] In 1968 Rover and its Alvis subsidiary were incorporated into theLeyland Motor Corporation later British Leyland or BL. In 1981 the then nationalised BL sold the Alvis business to United Scientific Holdings for £27 million. United Scientific was a manufacturer of military sighting products.
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 ofGKN in a deal which saw GKN take a 29.9% stake in Alvis. GKN's shareholding was purchased byBAE Systems in September 2003 for £73 million.[2]
In early 2000 Alvis sold a share of its Avimo Group optronics subsidiary toThomson-CSF and sold all of its remaining shareholding toThales Group (the renamed Thomson-CSF) in 2001.
In 2002 Alvis acquiredVickers Defence Systems fromRolls-Royce for £16 million and merged it with its existing UK business to form Alvis Vickers.[3] The acquisition of Vickers brought theChallenger tank into Alvis' portfolio, as well as Vickers' successful military bridging division and its South African subsidiaryVickers OMC.
In 2004, the board of Alvis approved a £309m takeover bid by the American defence companyGeneral Dynamics. Within three monthsBAE Systems, which already had a 29% stake in the company, outbid General Dynamics by offering £355m. The action was seen as a defence of the home market from a foreign rival. David Mulholland ofJane's Defence Weekly said "I don't believe BAE expects to make money from this deal," characterising the purchase as strategic rather than commercial. The bid was accepted by the majority of shareholders.[4]
In September 2004, BAE announced the creation ofBAE 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 ofUnited Defense led to the creation ofBAE Systems Land & Armaments.