DML was the company which owns and manages Devonport Royal Dockyard,
the largest dockyard in Western Europe. DML was owned by Babcock
International Group who purchased it from previous owners; KBR (51%),
Balfour Beatty (24.5%) and The
Weir Group (24.5%).
DML, then owned by
Brown and Root
Brown and Root and
Vickers Design and Projects, was
one of three companies bidding for the Devonport contract in 1986. The
others were Devonport Dockyard, formed by the then management of the
dockyard, and a consortium of Foster Wheeler, A & P Appledore, and
The DML consortium changed in 1987, with B&R taking 29.9%, Balfour
Beaty joining with 29.9%, the
Weir Group joining with 29.9% and
Barclays de Zoete Wedd taking 10.3%.
Vickers had formed a joint
venture with B&R which included its contracting arm. The
management contract was awarded to DML on 24 February 1987, with
management officially transferred on 6 April 1987 The dockyards
remained property of the Ministry of Defence at this stage.
In June 1993 DML was awarded the contract for refitting of Royal Navy
nuclear submarines. This was the result of a two-year "highly
politicised battle" between DML and the management of Rosyth Dockyard
in Scotland. The Rosyth dockyard already had nuclear refitting
facilities under construction when, in 1993, DML made an unsolicited
bid to take over the work which in future would only be awarded to one
yard. For the next two years the two dockyards made "tit-for-tat"
claims regarding the suitability of their own facilities compared to
In 1994 GEC acquired VSEL and withdrew it from the DML consortium. At
the urging of the MoD, Brown & Root took 51% control of DML. In
February 1993 DML purchased the Devonport yard for
In 1998 Brown & Root's parent,
Halliburton indirectly acquired The
M. W. Kellogg Company and merged it with Brown & Root to form KBR.
In 2006 it was announced that
Halliburton would be floating its
subsidiary KBR on the stock market, this went ahead against the wishes
of the UK government and Ministry of Defence as they felt the floating
of KBR would make the DML group unstable. In 2004 DML acquired
Appledore Shipbuilders in North Devon.
In early 2007 it was announced that the DML group was for sale and
major players in the world defence industry were rumoured to be
interested in buying the company from the current share holders. BAE
Systems was one of the companies rumoured to be interested; The
Independent on Sunday suggested that the Ministry of Defence was keen
to see these combined with BAE's submarine manufacturing
facilities. In the end this purchase was not completed and DML was
Babcock International Group
Babcock International Group instead.
Only two companies made bids by the closing date, these were the
Carlyle investment Group and Babcock International.
Babcock was announced as the successful bidder for Devonport in a deal
that was worth 350 million pounds sterling and would secure them a
100% stake in the company. Babcock international announced that the
DML Group would then become part of Babcock Marine Services, a new
sector (of which
Rosyth Dockyard is also a part) within its
The deal was rubber stamped by the United Kingdom Ministry of Defence
at the end of June 2007, following this move the company was rebranded
as Babcock Marine, part of Babcock International Group.
^ HMNB Devonport : Naval Bases & Air Stations :
Establishments : Operations and Support : Royal Navy
Archived 2007-06-10 at the Wayback Machine.
^ Devonport Management Limited
^ Buchan, David (1986-08-30). "Three Bid For RN Dockyard". Financial
Times. The Financial Times. p. 3.
^ "Devonport under commercial management". PR Newswire Europe. Origin
Universal News Services Limited. 1987-04-06.
^ a b White, David (1993-06-25). "Shrinking navy prompted great
nuclear race: David White tracks the two-year highly politicised
battle for the contract to refit Trident submarines". Financial Times.
The Financial Times. p. 8.
^ "Anglo-American consortium buys Devonport Royal Naval Dockyard for
pounds 40m". The Independent. Newspaper Publishing. 1997-02-12.
p. 17. Retrieved 2007-01-19.
^ Foley, Stephen (2007-01-28). "BAE finds clear blue water in bid to
win Devonport yard". Independent on Sunday. Independent News and
Media. Retrieved 2007-01-28.