UK engineering company Babcock International has entered into a conditional agreement to buy emergency and search-and-rescue aircraft operator Avincis Group for £920 million ($1.52 billion) from previous owners World Helicopters.
Avincis provides aerial (helicopter and fixed wing) emergency services for mission critical operations such as medical emergency, civil protection, search and rescue, coast and fishing surveillance, fire fighting as well as transportation for off-shore oil and gas facilities. James Drummond, Chief Executive of Avincis, said: “Babcock is a great strategic and cultural fit for Avincis.…
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