Ultimate Aviation has completed the acquisition of North Sea helicopter services provider Offshore Helicopter Services (OHS). With the backing of Ultimate Aviation, OHS is confident to expand and improve its services while still maintaining its core values.
“Operating as an independent business working alongside the Ultimate Aviation Group, we will be in a strong position to put in place a strategy and vision that suits our market and allows us to grow,” said Paul Kelsall, Managing Director, OHS. “We want to thank our employees for their hard work, dedication, and commitment to OHS the past 18 months, and we look forward to the opportunities that this partnership will bring.”
Marking an exciting chapter in the history of Ultimate Aviation, Shaun Roseveare, Chief Executive Officer of Ultimate Aviation added: “We are looking forward to expanding our reach into Europe. 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.”
OHS will continue to operate under its current name, and its team will remain intact. The acquisition is effective immediately, and OHS will work closely with Ultimate Aviation to begin exploring new opportunities, the company said in a statement.
OHS UK was previously 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. A sale and purchase agreement was signed on December 30,2022 under which CHC agreed to sell OHS UK to Ultimate Aviation Group.