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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.
Vickers is to acquire Ulstein, the Norwegian marine engineering group, for £344m, which will create the largest marine propulsion company in the world.
Vickers has sold Cantieri Riva, the Italian maker of luxury motor yachts, to Stellican for undisclosed terms.
Vickers shareholders have decided to sell Rolls-Royce Motor Cars to Volkswagen for £430m, thereby rejecting rival offers from BMW and Crewe Motors.
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.