Also in 1948 AEC acquired Crossley Motors and the Maudslay Motor Company and on 1 October 1948 AEC set up Associated Commercial Vehicles (ACV) as the holding company for the newly acquired businesses and its own manufacturing firm, which was renamed AEC Limited. The initials AEC remained on its vehicles, with the exception of some badge-engineered versions, such as the Crossley Regent bus. In 1949 ACV acquired the bus coachbuilding company Park Royal Vehicles, along with its subsidiary Charles H Roe. Park Royal designed a new cab for the AEC Mercury in the mid-1950s, which appeared on all models across the range about this time.