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RAC - Automobiles

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RAC - Automobiles
Company Name RAC
Company Web Site Link
Category Automobiles
Year Founded 1897
Country United Kingdom (Details)
Source of Text Wikipedia
Text Credit URL Link
RAC - Automobiles



Company History: RAC Limited (The RAC) is a British automotive services company headquartered in Walsall, West Midlands. Its principal services are roadside assistance and general insurance, and its subsidiaries include RAC Motoring Services Ltd, RAC Financial Services Ltd and RAC Insurance Limited.
The RAC emerged as the "Associate Section" of the Royal Automobile Club founded at the turn of the 20th century, and it was incorporated as R.A.C. Motoring Services Ltd. in 1978. It was sold by the members of the Royal Automobile Club to Lex Service in April 1999, which subsequently renamed itself RAC plc. In March 2005, RAC plc was acquired by Aviva and therefore delisted. Aviva then sold the RAC to the Carlyle Group in June 2011. In September 2014, Carlyle agreed to sell almost half its stake to Singapore's sovereign wealth fund GIC Private Limited. In December 2015, Carlyle agreed to sell its remaining stake to CVC Capital Partners.

Brief History:
The United Kingdom, made up of England, Scotland, Wales and Northern Ireland, is an island nation in northwestern Europe. England – birthplace of Shakespeare and The Beatles – is home to the capital, London, a globally influential centre of finance and culture. England is also site of Neolithic Stonehenge, Bath’s Roman spa and centuries-old universities at Oxford and Cambridge.


Item Links: We found: 1 different collections associated with RAC - Automobiles
Item created by: Alain LM on 2019-12-26 10:31:55. Last edited by Alain LM on 2019-12-26 10:35:27

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