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Rolls-Royce is to acquire Vickers for £576m in order to become a world leader in marine power systems. 21-Sep-1999 Vickers is to acquire Reumech, the South African-owned manufacturer of military vehicles, for up to £12m, and is also forming joint ventures with Mowag, Singapore Technologies, and Krauss Maffei Wegmann. 09-Sep-1999 Vickers is planning to close the Brown Brothers engineering plant in Edinburgh and merge the business with the Ulstein unit in Dunfermline, creating a combined division called Vickers Ulstein Marine Systems-UK. 03-Sep-1999 Vickers has agreed to co-operate with Giat of France in the marketing, design and development of armoured vehicles, although the deal will not include markets in which they are competing for orders. 13-Jan-1999 Vickers is to acquire Ulstein, the Norwegian marine engineering group, for £344m, which will create the largest marine propulsion company in the world. 01-Dec-1998 Vickers is negotiating a number of potential acquisitions for its marine propulsion and turbine components divisions. 09-Nov-1998 Vickers is to close its tank factory in Leeds with the loss of 450 jobs, as part of a cost-cutting programme that will see its total workforce reduced by 22%. 18-Sep-1998 Vickers may be forced to close one of its tank factories in Newcastle or Leeds because of a fall in world demand, with the loss of more than 600 jobs. 07-Sep-1998 Vickers has sold Cantieri Riva, the Italian maker of luxury motor yachts, to Stellican for undisclosed terms. 27-Jul-1998 Vickers is looking to expand its marine propulsion division through acquisitions and joint ventures, and wants to be able to offer complete propulsion packages including engineering software. 20-Jul-1998 Vickers shareholders have decided to sell Rolls-Royce Motor Cars to Volkswagen for £430m, thereby rejecting rival offers from BMW and Crewe Motors. 06-Jun-1998 Volkswagen has bid £120m for the Cosworth racing-car engine business currently owned by Vickers, which could mean the end of Cosworth's 30-year relationship with Ford. 06-Jun-1998 Vickers has been in discussions with Ford about the possibility of forming a strategic partnership for its Cosworth specialist engines business, which is seen as a way of preventing a possible bid from Volkswagen. 04-May-1998 Vickers has received four bids for Rolls-Royce Motor Cars - from BMW, Volkswagen, the Doughty Hanson venture capital group, and a consortium that includes Rolls-Royce enthusiasts - and hopes to finalise the sale next week. 28-Mar-1998 Vickers may have to reduce its £400m expectations for the sale of the Rolls-Royce luxury car business, as BMW is believed to be offering less than £300m. 02-Mar-1998 Vickers is planning to cut 116 jobs from its tank building plants in Newcastle and Leeds in order to improve efficiency. 27-Feb-1998 Mayflower has called off its attempt to bid for Vickers due to an apparent threat from BMW to cancel a Rolls-Royce engine supply contract if ownership of Rolls-Royce changed hands. 12-Nov-1997 Vickers has announced that it is expecting a hostile takeover bid from Mayflower, the car parts company that is about half its size. 06-Nov-1997 Vickers is to sell its medical businesses, including Airshields, Medelec, TECA and Medical Industrial Equipment, to Hillenbrand of the US for a price expected to be about £75m. 05-Nov-1997 Vickers is said to be considering the acquisition of GKN's armoured vehicles division, and is thought to be keen to complete a deal before the award of two large defence contracts. 03-Nov-1997 Vickers is looking to sell its Rolls-Royce Motor Cars business in order to focus on core activities such as armoured vehicles and propulsion technology. 27-Oct-1997 Vickers is looking to sell its medical equipment businesses, which make perinatal care, anaesthetic, and neuro-diagnostic products, raising up to £80m and allowing it to focus on Rolls-Royce cars, tanks and propulsion equipment. 12-Sep-1997 Vickers has sold most of Jered Brown Brothers, its US subsidiary that makes naval and commercial systems, to a management team for £8.7m. 09-Aug-1997 Tursdale Engineering has won a £2m contract to make charge bins for Vickers' Challenger 2 tanks. 19-Oct-1995
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