All regulatory hurdles cleared for Avincis sale to Babcock

All regulatory hurdles cleared for Avincis sale to Babcock

27-Apr-2014 Source: Avincis Group

Babcock International Group PLC (“Babcock”), the UK’s leading engineering support services company, announced today it has received approvals from the Spanish Council of the National Markets and Competition Commission and the Portuguese Competition Authority in respect of the acquisition of the Avincis Group. All conditions to completion of such acquisition have therefore been satisfied. Completion is expected to take place in May 2014.

About Avincis Group
Avincis is a leading provider of helicopter and fixed-wing services in mission-critical operations such as medical, search and rescue, fire-fighting and civil protection in Europe and Australia as well as a leading provider of critical offshore crew-change helicopter services to the oil and gas industry in the North Sea and Australia, with a clear ambition to expand its operations in the Norwegian and Australian offshore oil and gas markets.

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