Offshore staff
IRVING, Texas – CHC Group LLC has entered into a conditional agreement to acquire Babcock International Group’s Oil and Gas aviation business.
The business provides offshore oil and gas crew transportation services in the UK, Denmark, and Australia. It is headquartered in Aberdeen, employs more than 500 people, and operates around 30 aircraft across its three locations.
The deal, which is subject to pre-closing conditions, is expected to be completed in 2Q 2021.
CHC is expected to seek clearances for the transaction from antitrust authorities in the UK and Australia, though completion is not conditional upon such clearances being received.
03/11/2021
