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Completion of Acquisition

30th Jun 2014 13:35

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: 020 7355 5300

 

FTI Consulting

Andrew Lorenz

Tel: 020 3727 1340

Nick Hasell

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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