CHC to take over Babcock’s oil and gas business

CHC Group, an offshore helicopter services provider, has entered into a conditional agreement for the acquisition of the Oil and Gas aviation business of Babcock International Group.

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.

The deal, which is subject to pre-closing conditions, is expected to complete in the second calendar quarter of 2021.

It is intended that CHC will seek clearances for the transaction from antitrust authorities in the UK and Australia, although completion is not conditional upon such clearances being received, CHC and Babcock said on the 11^th March.

Another example of acquisitions in the offshore helicopter services sector would be the merger between Bristow and Era Group, which was completed in June 2020. The merger of these two created the world’s largest operator of S92, AW189, and AW139 model helicopters with a total fleet of over 300 aircraft.

Source: Offshore Energy Today