CHC Divests Babcock's Former UK Offshore Operations

 - January 17, 2023, 12:14 PM
South Africa’s Ultimate Aviation Group is set to acquire Offshore Helicopter Services UK from CHC Helicopter in a transaction expected to close in the first quarter. (Photo: Ultimate Aviation Group)

CHC Helicopter is selling its Offshore Helicopter Services UK (OHS UK) to South Africa’s Ultimate Aviation Group—a company with international holdings. OHS UK was acquired by CHC from Babcock International Group in 2021, along with Babcock’s offshore oil and gas operations in Denmark and Australia. In August 2022, the United Kingdom’s Competition and Markets Authority (CMA) ordered CHC to divest OHS UK. The transaction remains subject to customary closing conditions and approvals and is expected to close in the first quarter. 

David Balevic, CHC president and CEO, said, “While we remain disappointed with the CMA’s decision and believe it was based on several fundamental misconceptions, we are glad to be close to completing this process through the sale of OHS UK to Ultimate Aviation. CHC’s talented team will continue to deliver outstanding levels of service and safety, quality, and innovation through our existing UK business.”

CHC provides offshore transport on six continents and operates a search-and-rescue network of aircraft in the North Sea, the Caspian Sea, the Atlantic Ocean, both sides of the Indian Ocean, and the Timor Sea. The company also offers rapid response capabilities to a variety of government and private customers worldwide.