History
Metrovick started as a way to separate the existing British Westinghouse Electrical and Manufacturing Company factories from United States control, which had proven to be a hindrance to gaining government contracts during World War I. In 1917 a holding company was formed to try to find financing to buy the company's properties.
In May 1917, control of the holding company was obtained jointly by the Metropolitan Carriage, Wagon and Finance Company, of Birmingham, chaired by Frank Dudley Docker, and Vickers Limited, of Barrow-in-Furness. On 15 March 1919, Docker agreed terms with Vickers, for Vickers to purchase all the shares of the Metropolitan Carriage, Wagon and Finance Company for almost thirteen million pounds. On 8 September 1919, Vickers changed the name of the British Westinghouse Electrical and Manufacturing Company to Metropolitan Vickers Electrical Company.
The immediate post-war era was marked by low investment and continued labour unrest. Fortunes changed in 1926 with the formation of the Central Electricity Board which standardized electrical supply and led to a massive expansion of electrical distribution, installations, and appliance purchases. Sales shot up, and 1927 marked the company's best year to date.
Read more about this topic: Metropolitan-Vickers
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