Scandinavian AirAmbulance to join Avincis Group
Mar 27, 2014
Scandinavian Air Ambulance (SAA), owner of Scandinavian MediCopter (SMC), today announced its intention to join the Avincis Group, a leading international provider of mission critical aviation services worldwide.
SAA’s operations would continue, but they would run alongside Avincis’ existing companies, which deliver medical emergency, search & rescue, firefighting and energy support services across eight countries worldwide with a fleet of 343 aircraft.
The total enterprise value derived from the purchase price amounts to SEK707 million (approximately €80 million). The transaction is subject to the satisfaction of certain conditions and regulatory approvals prior to 30 June 2014.
SAA’s fleet of 22 aircraft annually transports more than 14,000 patients across Sweden, Finland and Denmark, making it a natural fit for Avincis. In 2013 Avincis flew 51,450 emergency medical service missions and carried out 2,100 sea and mountain rescues.
SAA would continue its existing operations serving customers across Scandinavia, and would continue to manage the business. SAA founder and CEO Henry Hansen would continue to lead SAA and all Avincis’ emergency services in Scandinavia. In addition, Henry Hansen would reinvest a significant portion of the equity of SAA.
As a part of Avincis, SAA would be provided with the organisational capability, resources and know-how to allow it to continue to grow and develop its operations throughout the Nordic region.
Avincis Group CEO James Drummond said: “SAA has a strong team and business which is very well aligned to the Avincis mission and values, and would bring not only Nordic expertise and experience, but 160 skilled people with an enviable track record of saving lives. I look forward to being able to welcome them to our Group and look forward to helping them grow the business.”
SAA CEO Henry Hansen said: “I am pleased at the prospect of joining forces with one of the world’s leading air ambulance providers. We have established SAA as a leading and professional Scandinavian air ambulance company, and Avincis’ support would allow us to build on that success.”
About the Avincis Group
Based in the UK, the Avincis Group has a wide range of subsidiaries that serve local markets and customers in Spain, Italy, France, Portugal, UK, Norway, Australia and Ireland. Avincis’ companies operate mainly medium to long term concession-like contracts with governments and blue-chip corporations, taking advantage of the growth of the outsourcing industry worldwide. Avincis operates a fleet of around 350 aircraft and employs roughly 3000 people. In 2013, Avincis flew over 98,500 hours worldwide, performed 51,450 emergency medical service missions, 6,350 firefighting missions, 2,100 seas and mountains rescues and transported 173,000 oil and gas engineers, technicians and other passengers.
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