Avincis

Babcock sells emergency services business; Avincis name reappears

Babcock sells emergency services business; Avincis name reappears

1-Mar-2023Source: HeliHub.com

Babcock International Group today announced the conclusion of its portfolio alignment programme with the completion of the sale of certain of its aerial emergency services businesses to Ancala Partners.  These businesses were sold for a cash consideration of €136.2 million (c. £120 million), before completion adjustments and transaction costs. In turn, Ancala have rejuvenated the... Read more

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