CHC Group set to acquire Babcock's oil and gas aviation business
Helicopter services and maintenance, repair and overhaul provider, CHC Group, LLC, has entered into a conditional agreement for the acquisition of the oil and gas aviation business of Babcock International Group, plc.
Image courtesy CHC Group
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.
For 70 years, CHC Helicopter has provided safe helicopter services in some of the most remote and challenging environments around the world, with extensive experience of transporting customers in the oil and gas industry, supporting search-and-rescue and EMS contracts and providing maintenance, repair and overhaul (MRO) services.