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  • NEWS | Babcock Mission Critical Services Offshore Babcock International
    #offshore

    CHC to Acquire Babcock Offshore Business


    Offshore helicopter operator CHC near to buy the oil and gas aviation business of Babcock. The terms of the proposed transaction were not disclosed. Babcock Mission Critical Services Offshore currently operates in the UK, Australia and Denmark

    * USA-headquartered CHC is a global operator and already operating in those counties CHC Scotia ( Aberdeen and Norwich ), CHC Denmark and CHC Australia


    ...

    CHC to Acquire Babcock Offshore Business


    Babcock, March 12, 2021 - Babcock, the aerospace and defence company, has entered into a conditional agreement for the sale of its Oil and Gas aviation business to CHC Group, LLC (CHC).

    The Oil and Gas business, which is part of the Group’s Aviation sector, provides offshore oil and gas crew transportation services in the UK, Denmark and Australia.

    It is headquartered in Aberdeen, UK, and employs over 500 people and operates around 30 aircraft across its three locations.

    The deal is expected to complete in the second calendar quarter of 2021, subject to the satisfaction of the relevant third party conditions.

    It is intended that CHC will seek clearance for the transaction from antitrust authorities in the UK and Australia, but completion is not conditional upon such clearances being received.

    Further information will be provided upon completion of the deal.

    CHC Group Announces Conditional Acquisition of Babcock’s Oil & Gas Aviation Business


    CHC, March 11, 2021 - IRVING, TX - CHC Group, LLC, one of the world’s leading helicopter services and maintenance, repair and overhaul providers, announces that it has entered into a conditional agreement for the acquisition of the Oil and Gas aviation business of Babcock International Group, PLC (LSE:BAB).

    The business provides offshore oil and gas crew transportation services in the UK, Denmark and Australia. It is headquartered in Aberdeen (UK), employs over 500 people and operates around 30 aircraft across its three locations.

    The deal, which is subject to pre-closing conditions, is expected to complete in the second calendar quarter of 2021. It is intended that CHC will seek clearances for the transaction from antitrust authorities in the UK and Australia, though completion is not conditional upon such clearances being received.

    About CHC: For 70 years, CHC Helicopter has provided safe, reliable, cost-effective helicopter service in some of the most remote and challenging environments around the world. With extensive experience transporting customers in the oil and gas industry, supporting search-and-rescue and EMS contracts, and providing maintenance, repair and overhaul services, our dedication to safety and reputation for quality and innovation help our customers reach beyond what they thought possible.





    This article is listed in :
    Babcock Mission Critical Services Offshore Babcock International
    Oil and Gas Industry in International
    CHC     Canadian Helicopter Corporation
    --Helicopters Markets & Finance
    Aberdeen / Dyce

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