Grace's Guide

British Industrial History

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Brown Boveri Kent

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Makers of industrial instruments, process control and metering

1974 George Kent was acquired by Swiss company Brown, Boveri and Co - the group was split into two parts Brown Boveri Kent and a new company Scientific and Medical Instruments; Brown Boveri would inject funds into Brown Boveri Kent and be the largest shareholder with 49 percent of the equity [1]; SMI would take in Cambridge Instrument Co but needed state aid in order to establish the business[2]

1975 Substantial improvement in profits[3]

1976 After a rights issue, the National Enterprise Board increased its minority holding in the company and Brown Boveri became majority shareholders[4]

1980 National Enterprise Board sold its 20 percent holding at a loss[5]

1981 Sold the Evershed Power Optics subsidiary to Vinten Group, maker of aerial reconnaissance systems and other monitoring equipment[6]

1981 Brown Boveri Kent went into loss[7]

As the 1980s progresses, the rationalization of the business paid dividends

1988 No reporting of the stock price after May 31 - presumably BBK was absorbed by the parent company.

See Also

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Sources of Information

  1. The Times, Jul 12, 1974
  2. The Times, Nov 15, 1974
  3. The Times, Dec 17, 1975
  4. The Times, Mar 10, 1976
  5. The Times, Oct 25, 1980
  6. The Times, Jul 21, 1981
  7. The Times Oct 03, 1981