Brown Boveri Kent: Difference between revisions
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1988 No reporting of the stock price after May 31. Brown Boveri Kent plc was renamed '''ABB Kent''' plc. | 1988 No reporting of the stock price after May 31. Brown Boveri Kent plc was renamed '''ABB Kent''' plc. | ||
By 1994 '''ABB Kent''' plc, which was a subsidiary of ABB Asea Brown Boveri of Zurich, still owned | By 1994 '''ABB Kent''' plc, which was a subsidiary of ABB Asea Brown Boveri of Zurich, still owned [[Kent Meters]] Ltd.<ref>1994 Annual report</ref> | ||
2002 ABB sold its worldwide metering business to Ruhrgas Industries GmbH. The UK operating company, '''ABB Metering''' Ltd was renamed '''Elster Metering''' Ltd.<ref>2001 Annual report</ref> | 2002 ABB sold its worldwide metering business to Ruhrgas Industries GmbH. The UK operating company, '''ABB Metering''' Ltd was renamed '''Elster Metering''' Ltd.<ref>2001 Annual report</ref> | ||
Latest revision as of 17:43, 7 March 2025
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 progressed, the rationalization of the business paid dividends
1988 Merger between ASEA AB of Sweden and BBC Brown Boveri Ltd forming ABB (ASEA-Brown Boveri)
1988 No reporting of the stock price after May 31. Brown Boveri Kent plc was renamed ABB Kent plc.
By 1994 ABB Kent plc, which was a subsidiary of ABB Asea Brown Boveri of Zurich, still owned Kent Meters Ltd.[8]
2002 ABB sold its worldwide metering business to Ruhrgas Industries GmbH. The UK operating company, ABB Metering Ltd was renamed Elster Metering Ltd.[9]
2012 Melrose plc acquired Elster Group and its subsidiary companies such as Elster Metering Holdings[10]
2015 Melrose sold Elster to Honeywell