RAC Ltd: Difference between revisions
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1978 It was incorporated as '''R.A.C. Motoring Services Ltd.'''. | 1978 It was incorporated as '''R.A.C. Motoring Services Ltd.'''. | ||
1997 Acquired the [[British School of Motoring]] (BSM)<ref>The Times Feb. 12, 2009</ref> | |||
1999 Sold by the members of the [[Royal Automobile Club (RAC)|Royal Automobile Club]] to [[Lex Services|Lex Service Plc]] in April. | 1999 Sold by the members of the [[Royal Automobile Club (RAC)|Royal Automobile Club]] to [[Lex Services|Lex Service Plc]] in April. | ||
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2002 Lex Services renamed itself '''RAC Plc.'''<ref> The Times, February 27, 2003</ref> | 2002 Lex Services renamed itself '''RAC Plc.'''<ref> The Times, February 27, 2003</ref> | ||
In March 2005, RAC | In March 2005, '''RAC plc''' was acquired by [[Aviva]], and therefore delisted. | ||
2008 Aviva sold BSM | |||
2011 Aviva | 2011 Aviva sold the RAC breakdown recovery operation for £1.0 billion to The Carlyle Group | ||
==See Also== | ==See Also== | ||
Latest revision as of 14:01, 16 December 2020
Note: This is an 'associate section' of the Royal Automobile Club
RAC Limited (The RAC) is a British automotive services company headquartered in Walsall, West Midlands. Its principal services are roadside assistance and general insurance, and its subsidiaries include RAC Motoring Services Ltd, RAC Financial Services Ltd and RAC Insurance Limited.
The RAC emerged as the "Associate Section" of the Royal Automobile Club founded at the turn of the 20th century, c1897.
1978 It was incorporated as R.A.C. Motoring Services Ltd..
1997 Acquired the British School of Motoring (BSM)[1]
1999 Sold by the members of the Royal Automobile Club to Lex Service Plc in April.
2002 Lex Services renamed itself RAC Plc.[2]
In March 2005, RAC plc was acquired by Aviva, and therefore delisted.
2008 Aviva sold BSM
2011 Aviva sold the RAC breakdown recovery operation for £1.0 billion to The Carlyle Group