Siemens Plessey was the name given to the Plessey assets acquired by Siemens in 1989. Today most of these units are part of BAE Systems while some units are now part of EADS.
The history of the evolution of Siemens Plessey division traces to 1988, when the UK regulatory authorities rejected a full merger between the British-based industrial conglomerate - General Electric Company plc (GEC), and the Plessey company - a historic British-based international electronics, defence and telecommunications company founded in 1917. Plessey was at the time the second largest defence electronics contractor to the Ministry of Defence and the largest supplier of traffic control equipment. As a solution, GEC and Plessey merged their communications businesses the same year to form GEC Plessey Telecommunications (GPT).[1]
Acquisition of Plessey, and Siemens Plessey : 1989-1997Edit
In 1989, GEC and Siemens AG set up a joint holding company, GEC Siemens plc, to launch a hostile takeover of Plessey, which succeeded. Most of Plessey's assets were divided between the companies (see : Plessey#Break-up of the business); except the 1988 founded GEC-Plessey joint venture - GPT, which was converted to a '60/40 GEC/Siemens joint venture'.[2]
The division of Plessey between these two partners meant the deal met with little regulatory opposition. Siemens acquired Plessey's radar systems, defence systems and traffic control businesses. The defence electronics operations became Siemens Plessey Systems (commonly referred to as Siemens Plessey) and Siemens Plessey Electronics Systems (Australia).
In 1997, Siemens came to an agreement with British Aerospace and DaimlerChrysler Aerospace AG (DASA) for the takeover of its defence electronics unit. BAe acquired the Siemens Plessey's defence businesses in UK, while DASA acquired the German part of the operations.[3][4]
^"Funding Universe - History of Marconi plc". fundinguniverse.com. Retrieved 14 July 2012.
^The Integration of Acquired Companies Into the Defence Industry: Experiences. Retrieved 16 July 2012. by Karin Backlund, Madelene Sandstro
^"'The DECCA Legacy' A view from inside the RADAR company -DECCA - BAE SYSTEMS (1949 - 2009)". Retrieved 16 July 2012.
October 18, 2023
siemens, plessey, name, given, plessey, assets, acquired, siemens, 1989, today, most, these, units, part, systems, while, some, units, part, eads, typeprivateindustryaerospace, defenceelectronicsengineeringfounded1989, defunct1997fateuk, defence, assets, merge. Siemens Plessey was the name given to the Plessey assets acquired by Siemens in 1989 Today most of these units are part of BAE Systems while some units are now part of EADS Siemens PlesseyTypePrivateIndustryAerospace DefenceElectronicsEngineeringFounded1989 as Siemens Plessey Defunct1997FateUK defence assets merged with BAe 1997 German defence assets merged with DASA 1997 SuccessorBAe 1997 1999 DASA 1997 2000 BAE Systems 1999 till date EADS 2000 till date HeadquartersUnited KingdomProductsElectronics Contents 1 History 1 1 Background before 1989 1 2 Acquisition of Plessey and Siemens Plessey 1989 1997 1 3 Subsequent history 1997 to date 2 See also 3 ReferencesHistory EditBackground before 1989 Edit The history of the evolution of Siemens Plessey division traces to 1988 when the UK regulatory authorities rejected a full merger between the British based industrial conglomerate General Electric Company plc GEC and the Plessey company a historic British based international electronics defence and telecommunications company founded in 1917 Plessey was at the time the second largest defence electronics contractor to the Ministry of Defence and the largest supplier of traffic control equipment As a solution GEC and Plessey merged their communications businesses the same year to form GEC Plessey Telecommunications GPT 1 Acquisition of Plessey and Siemens Plessey 1989 1997 Edit In 1989 GEC and Siemens AG set up a joint holding company GEC Siemens plc to launch a hostile takeover of Plessey which succeeded Most of Plessey s assets were divided between the companies see Plessey Break up of the business except the 1988 founded GEC Plessey joint venture GPT which was converted to a 60 40 GEC Siemens joint venture 2 The division of Plessey between these two partners meant the deal met with little regulatory opposition Siemens acquired Plessey s radar systems defence systems and traffic control businesses The defence electronics operations became Siemens Plessey Systems commonly referred to as Siemens Plessey and Siemens Plessey Electronics Systems Australia In 1997 Siemens came to an agreement with British Aerospace and DaimlerChrysler Aerospace AG DASA for the takeover of its defence electronics unit BAe acquired the Siemens Plessey s defence businesses in UK while DASA acquired the German part of the operations 3 4 Subsequent history 1997 to date Edit The BAe acquired parts were eventually amalgamated into BAE Systems formed by the 1999 merger of BAe and Marconi Electronic Systems MES The DASA acquired assets became part of EADS in July 2000 when DASA merged with the French Aerospatiale Matra and Construcciones Aeronauticas SA CASA of Spain Siemens Traffic Controls continues to operate as a unit of Siemens See also EditBreak up of the businesses of Plessey History of GPTReferences Edit History of GEC Retrieved 12 July 2012 Funding Universe History of Marconi plc fundinguniverse com Retrieved 14 July 2012 The Integration of Acquired Companies Into the Defence Industry Experiences Retrieved 16 July 2012 by Karin Backlund Madelene Sandstro The DECCA Legacy A view from inside the RADAR company DECCA BAE SYSTEMS 1949 2009 Retrieved 16 July 2012 Retrieved from https en wikipedia org w index php title Siemens Plessey amp oldid 1084245884, wikipedia, wiki, book, books, library,
