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Cubic acquires ownership of London-based WCL.


SAN DIEGO--(BUSINESS WIRE)--Oct. 1, 1996--Cubic UK Ltd., a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of Cubic Corp., has acquired complete ownership of WCL WCL - A Common Lisp implementation in a shared library by Wade Hennessey <wade@leland.Stanford.edu>. WCL is not a complete Common Lisp, but it does have the full development environment including dynamic file loading and debugging. , a British systems engineering company it owned in partnership with BTR BTR Rupee (currency of Bhutan)
BTR Board of Technical Registration
BTR Born to Run (Bruce Springsteen song)
BTR Bureau of Tourism Research (Australia)
BTR Back To Reality
 PLC of London, the company announced Tuesday.

Cubic purchased the shares in WCL held by BTR for an undisclosed amount. Prior to the agreement, BTR owned 50 percent of WCL.

The purchase leaves Cubic as sole owner of WCL, whose major projects include the underground ticketing system and other electrical installations for the London Underground The London Underground is an underground railway system - also known as a rapid transit system - that serves a large part of Greater London, United Kingdom and some neighbouring areas. It is the world's oldest underground system, and is one of the longest in terms of route length.  Ltd.

WCL employs more than 500 persons and occupies more than 85,000 square feet of facilities in the United Kingdom.

CONTACT: Cubic Corp., San Diego

Gerry Reeves, 619/505-2330
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 1, 1996
Words:118
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