Announced
Completed
Financials
Tags
Acquisition
United Kingdom
Private
Completed
Friendly
Oil Equipment and Services
Domestic
Majority
oil and gas aviation
Single Bidder
Synopsis
CHC Group, a mechanical engineer in Craigavon, Northern Ireland, completed the acquisition of the oil and gas aviation business of Babcock, a British aerospace, defence and nuclear engineering services company, for £10m. The business provides offshore oil and gas crew transportation services in the UK, Denmark and Australia. It is headquartered in Aberdeen, employs over 500 people and operates around 30 aircraft across its three locations.
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