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

Date: 
Thursday, March 11, 2021
Blurb: 
CHC Group, LLC, announces that it has entered into a conditional agreement for the acquisition of the Oil and Gas aviation business of Babcock International Group.

 

 IRVING, TX, March 11, 2021—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. For more on CHC and its services, visit chcheli.com.

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For further information, contact:

Stephen T. Harris
Director of Corporate Communications—CHC Group
+1 (214) 232-7642
Stephen.Harris@chcheli.com

 

Sue Fay
Communications Manager—Europe, Middle East, Africa
+44 (0) 7796444762
Sue.Fay@chcheli.com