Marine Link
Monday, October 24, 2016

Aviva Sells RAC Fleet Businesses

May 1, 2006

Aviva sold its RAC fleet businesses in a deal worth $159.3m. The deal involves a fleet of 27,000 vehicles, which have been bought by shipbuilding and support service group VT, formerly known as Vosper Thornycroft. More than half of the vehicles relate to a contract with the MoD to supply its non-combat transport needs. The four businesses in the deal are Lex Transfleet, Lex Defense, Lex Defense Management and RAC Software Solutions. The operations include contracts with the MoD in ships and aircraft. Other work secured in the deal includes a new contract with the Metropolitan Police for the management and repair of around 3,600 vehicles. (Source: Norfolk Eastern Daily Press)

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News