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30 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).
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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 |
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