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Lex Service Lex Service is investing £20m in new technology to increase the cross-selling of products in its motor services business this year. 24-Jul-2002 Lex Service is forming a joint venture with Axa Insurance to offer insurance and other financial services under the name of RAC Financial Services. 29-May-2002 Lex Service has sold its Lex Autocentres network of 96 vehicle servicing sites to Nationwide Autocentres for £4m. 17-Apr-2002 Lex Service is planning to change its name to RAC, the name of the breakdown business acquired two years ago, in order to reflect its new focus on motor services. 22-Feb-2002 Lex Service has launched a nationwide recruitment drive for its recently-acquired Auto Windscreens business, and is looking for at least 100 extra mobile fitters. 09-May-2001 Lex Service has acquired Auto Windscreens for £122m, which will add a fleet of 800 vans to its RAC roadside recovery business. 02-Apr-2001 Lex Service is planning to invest up to £250m in motoring-related services, including the RAC breakdown service, the BSM driving school and Lex Autocentres. 23-Feb-2001 Lex Service is selling 41 Lex Autocentres to Nationwide Autocentres, a new company based in Solihull. 01-Feb-2001 Lex Service has sold its powered access division to Lavendon for £3.9m, in order to focus on support services. 04-Jan-2001 Lex Service has sold the Lex Autosales network of used car sales centres to Mercedes-Benz for £18m, which will involve the transfer of seven sites and 176 staff. 21-Nov-2000 Lex Service is planning to sell or close its network of seven Autosales used-car centres, in order to reduce its exposure to the car retailing sector. 11-Oct-2000 Lex Service has won a £540m contract to own and operate 8,500 civilian vehicles for the Ministry of Defence. 03-Oct-2000 Pendragon has acquired 32 motor franchises from Lex Service for £95m, in order to improve its nationwide coverage and increase its scale with a number of car manufacturers. 09-Mar-2000 Lex Service has acquired a 30% stake in the Autohit automotive web site company for £5m. 25-Feb-2000 Lex Service has acquired a 50% stake in fleet management software company Tranman Solutions for undisclosed terms, and hopes the move will help its tender for a 10-year contract with the Ministry of Defence. 17-Jan-2000 Lex Service is to acquire RAC Motoring Services for £437m, and will use the RAC brand on its Autocentre servicing outlets and its Autosales used car chain. 01-May-1999 Lex Service is expanding its mechanical handling business with four acquisitions, including Birchwood's contract hire and servicing operation for £3.5m and Liftright Powered Access for £1.4m. 07-Apr-1999 Lex Service has acquired two subsidiaries of the collapsed Leeds-based Peterhead Group - forklift truck dealership Birchwood Mechanical Services and forklift rental firm Birchwood Mechanical Sales. 04-Mar-1999 Lex Service is seeking to diversify further away from the car retailing market by acquiring business services companies in areas such as stock and fleet management. 26-Feb-1999 Lex Service is acquiring Havelange of Belgium and Hydraulic Services of Ireland for £7m, in order to expand its vehicle distribution business in the EU. 17-Feb-1999 Lex Service is planning to buy out Lombard North Central's stake in their car leasing joint venture for up to £128m, and is now interested in finding a new partner to help develop the business. 01-Aug-1998 Lex Service has acquired the remaining 49.9% stake in the UK import franchise for Hyundai cars from IM for £20m. 09-Dec-1997 Pendragon is acquiring 17 car franchises from Lex Service for £44m, making it the largest car dealer in the UK. 26-Jul-1997 Lex Service is to set up a £50m national network of 50 vehicle accident repair centres that will work on a production line basis, in a move that will create 3,000 jobs. 03-Oct-1996 Lex Service plans to expand its Autocentres car servicing business as well as its body repair chain. 23-Feb-1996 Isuzu of Japan is to link up with Lex Service and Leyland Trucks to assemble light trucks in the UK, aiming for 5% of the market in five years. 13-Dec-1995 Lex Service is selling its stake in its Californian car retailer. 06-Oct-1995 More from the Motor sector Related pages: Northgate Proton Ricardo Carcraft Ryland Group Lex Service website: www.lex.co.uk The information on this page comes from the UK Activity Report. Click here for further details Copyright UK Business Park 1995-2008