Story ID: 013RotorNewsUpdateAINJan2014EditedByAY_NM.doc
Avincis, Babcock in Joint-venture Talks
By: Thierry Dubois
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Word Count: 75
Helicopter operator Avincis Group and engineering support specialist Babcock International, both UK-based, are in discussions about establishing a joint venture. The talks are exclusive but there is no certainty they will lead to any transaction, the two companies pointed out. The British press has described the talks as a prelude to a likely takeover of Avincis, currently owned by KKR and Investindustrial, by Babcock. However, the two companies dismissed such stories as speculation.