Fri, 16 Sep 2011 | BUSINESS SALE
The Government-owned Defence Support Group (DSG) is getting ready to be taken private, with three defence contractors having made approaches in anticipation.
Babcock, BAE Systems and US arms manufacturer General Dynamics were named as potential buyers by defence minister Peter Luff in a letter to parliament.
“We have received some early and speculative approaches from a number of companies, including BAE Systems, Babcock and General Dynamics,” he wrote.
Babcock and BAE have already held informal talks with Ministry of Defence (MoD) officials. The MoD, however, was not ready yet to accept formal expressions of interest in the business, Luff continued.
DSG - which carries out maintenance repairs of various military equipment include small arms, large aircraft and armoured fighting vehicles for the British armed forces – was scheduled to be privatised in the strategic defence and security review last year.
The Government plans to generate more than £500 million from the sale of several defence assets including DSG, the defence stake in the telecommunications arena, and the Marchwood Sea Mounting Centre, during the Spending Review period.
Operating from 12 bases, DSG employs 3,000 people and brings in about £200 million in yearly revenues.
This UK-based company is a leader in specialist cleaning services, boasting top-tier equipment and an impressive client retention rate, while accredited by several key industry bodies. With an experienced operations manager capable of independently d...
This business, known for its expertise in bespoke modular and containerised data centres, stands out with its impartial product advice and commitment to quality, as evidenced by its ISO 45001 and ISO 9001 certifications. With 70 active clients and a...
his well-established company offers unique and premium behavioural training solutions and fully managed feedback services, making it a leader in the learning and development sector. With a strong client base and a reputation for facilitating high lev...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.