Ultimate Aviation Group Agrees To Acquire Offshore Helicopter Services UK Ltd From CHC Helicopter Group
Ultimate Aviation Group Agrees To Acquire Offshore Helicopter Services UK Ltd From CHC Helicopter Group. Ultimate Aviation Group is pleased to announce it has finalised an agreement for the purchase of Offshore Helicopter Services UK Limited (OHS UK) from CHC Helicopter Group (CHC). OHS UK have provided world-class transportation for the UK’s offshore Oil and Gas industry for more than 40 years. They operate a modern fleet of Airbus H175, Sikorsky S92 and Leonardo AW139 helicopters from their main operating bases in Aberdeen and Sumburgh for various customers in the North Sea.
OHS UK was acquired by CHC from FTSE 250 company Babcock International Group plc in 2021, along with Babcock’s offshore oil and gas operations in Denmark and Australia. Following a Phase 2 investigation by the UK’s Competition and Markets Authority (CMA), the CMA determined in August 2022 that CHC would be required to divest OHS UK, and an auction process was undertaken for this purpose. A sale and purchase agreement was signed on 30 December 2022 under which CHC agreed to sell OHS UK to Ultimate Aviation Group. The transaction remains subject to customary closing conditions, including the final approval of the sale by the CMA, and is expected to complete in the first calendar quarter of 2023.
Shaun Roseveare, Chief Executive Officer of Ultimate Aviation, said: “ The acquisition is set for final closure shortly, and the integration of OHS UK into Ultimate Aviation will be seamless for customers and they can expect the same high level of service they have come to expect from both companies. This acquisition marks an exciting new chapter for Ultimate Aviation and we are looking forward to continue offering our customers the best services possible and expanding our reach to new regions.”
Ultimate HELI is a world class provider of helicopter services, supplying the safest and the most efficient helicopter charter, helicopter maintenance, helicopter training, utility helicopters and helicopter support worldwide.
