Babcock completes on the acquisition of Avincis

Babcock completes on the acquisition of Avincis

19-May-2014 Source: Avincis

Babcock International Group PLC (“Babcock”), the UK’s leading engineering support services company, is today pleased to announce the completion of its acquisition of the Avincis Group (“Avincis”).

Peter Rogers, Chief Executive of Babcock, said:

“The acquisition of Avincis meets Babcock’s strategic objectives as it brings into the Babcock Group a market-leading business, delivering mission critical services and complex engineering support to blue-chip customers in multiple geographies. Avincis already has a strong growth platform and its combination with Babcock will generate even greater expansion opportunities and value creation for Babcock’s shareholders.”

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