DAF NV
Encyclopedia
DAF NV was a commercial vehicle
manufacturing company based in the Netherlands
and the United Kingdom
. In 1993 DAF NV became insolvent.
company merged with the Leyland Trucks division
of the British Rover Group (which included the van making business of Freight Rover
). The new company was jointly owned by DAF Beheer BV (60%) and Rover Group (40%). Later the company was floated on the Dutch stock exchange. The company traded as Leyland DAF
in the UK, and as DAF elsewhere.
The company manufactured trucks at its plants in Eindhoven, Netherlands and Leyland, UK and vans at its Birmingham, UK plant.
Following the insolvency of DAF NV in 1993, three new companies emerged as management buyout
s: LDV Limited
as a van manufacturer based in Birmingham, UK, Leyland Trucks
as a truck manufacturer based in Leyland, UK and DAF Trucks
as a truck manufacturer based in Eindhoven, Netherlands.
Commercial vehicle
A commercial vehicle is a type of motor vehicle that may be used for transporting goods or passengers. The European Union defines "commercial motor vehicle" as any motorised road vehicle, which by its type of construction and equipment is designed for, and capable of transporting, whether for...
manufacturing company based in the Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
and the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. In 1993 DAF NV became insolvent.
History
The company was formed in 1987 when the Dutch DAF TrucksDAF Trucks
DAF Trucks NV is a Dutch truck manufacturing company and a division of PACCAR. Its headquarters and main plant are in Eindhoven. Cabs and axle assemblies are produced at its Westerlo plant in Belgium...
company merged with the Leyland Trucks division
Leyland Motors Ltd
Leyland Motors Limited was a British vehicle manufacturer of lorries, buses and trolleybuses. It gave its name to the British Leyland Motor Corporation formed when it merged with British Motor Holdings, later to become British Leyland after being nationalised...
of the British Rover Group (which included the van making business of Freight Rover
Freight Rover
Freight Rover was a British commercial vehicle manufacturer based in Birmingham, England, United Kingdom.-History:The company was created as a division of the Land Rover Group of British Leyland in 1981, creating a new single brand for BL's panel van business.Under later company organisation...
). The new company was jointly owned by DAF Beheer BV (60%) and Rover Group (40%). Later the company was floated on the Dutch stock exchange. The company traded as Leyland DAF
Leyland DAF
Leyland DAF was a commercial vehicle manufacturing company based in the United Kingdom, and a division of DAF NV. In 1993 DAF NV became insolvent and Leyland DAF went into receivership.-History:...
in the UK, and as DAF elsewhere.
The company manufactured trucks at its plants in Eindhoven, Netherlands and Leyland, UK and vans at its Birmingham, UK plant.
Following the insolvency of DAF NV in 1993, three new companies emerged as management buyout
Management buyout
A management buyout is a form of acquisition where a company's existing managers acquire a large part or all of the company.- Overview :Management buyouts are similar in all major legal aspects to any other acquisition of a company...
s: LDV Limited
LDV Limited
LDV Group Limited was a British van manufacturer, based in the Ward End area of Birmingham.In its history part of Rover Group and Leyland DAF, was latterly a wholly owned subsidiary of the Russian GAZ group...
as a van manufacturer based in Birmingham, UK, Leyland Trucks
Leyland Trucks
Leyland Trucks is the UK's leading medium & heavy duty truck manufacturer and is based in the town of Leyland, Lancashire. It emerged from the bankruptcy of DAF NV as the result of a management buy-out in 1993, and was acquired by PACCAR in 1998, of which it is now a subsidiary...
as a truck manufacturer based in Leyland, UK and DAF Trucks
DAF Trucks
DAF Trucks NV is a Dutch truck manufacturing company and a division of PACCAR. Its headquarters and main plant are in Eindhoven. Cabs and axle assemblies are produced at its Westerlo plant in Belgium...
as a truck manufacturer based in Eindhoven, Netherlands.