South Africa-based Ultimate Aviation has completed its acquisition of Offshore Helicopter Services (OHS UK) from CHC. CHC had originally bought OHS UK from Babcock International along with Babcock’s offshore and gas support operations in Denmark and Australia. Following a review of the purchase by the UK Competitions and Markets Authority, CHC was instructed to divest the UK element of the Babcock buyout.
Commenting on the completion, Ultimate Aviation’s CEO Shaun Roseveare said, “This acquisition marks an exciting new chapter for our business, and we are looking forward to expanding our reach into Europe. The energy sector as a whole has faced significant challenges in recent years, and OHS has not been immune to this. However, with steadier market dynamics now emerging, both OHS and Ultimate Aviation believe that with the right plan in place, there is significant scope for growth. With more operational freedom to react to changes in the market, OHS and Ultimate will work together to look at opportunities, apply operational excellence and develop new capabilities in order to secure a successful future for the group.”