Completion of Acquisition

RNS Number : 9185K

Babcock International Group PLC

30 June 2014

 



30 June 2014

Babcock International Group PLC ('Babcock')

Completion of the acquisition of Scandinavian AirAmbulance Holding AB (publ) ('SAA')

Babcock confirms that Avincis has today completed the acquisition of 84.6% of SAA for a cash consideration of SEK206 million (£18 million) and acquired net debt of SEK484 million (£42.5 million).

SAA provides emergency medical services in Sweden and Finland from 12 permanent bases.  For the financial year ended 30 April 2014 the business expects to report revenue of SEK482 million (£42 million).

Ends

Enquiries
Babcock International Group PLC
Terri Wright, Head of Investor Relations	Tel: [phone]

FTI Consulting
Andrew Lorenz	Tel: [phone]
Nick Hasell

 

END

 

 

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