Engineering support specialist Babcock International has entered a conditional agreement to acquire the Avincis group, the parent company of operators Inaer, Bond, Australian Helicopters and Norsk Helikopterservice, for £920 million ($1.5 billion). Completion of the proposed acquisition, from a vehicle owned mainly by KKR and Investindustrial, is conditional on approval by Babcock shareholders and antitrust authorities. The actual transaction is expected to take place this year.
Babcock To Take Over Avincis
- May 7, 2014, 5:30 AM