Babcock International Group PLC - London-based aerospace, defence and nuclear engineering services company - Concluding its investigation, the UK Competition & Markets Authority decides that Canadian helicopter group CHC Group LLC must unwind its acquisition of Babcock’s oil and gas offshore helicopter services.
‘In assessing competition in the supply of oil and gas offshore helicopter services in the UK, the CMA engaged with customers, competitors and other industry players. The CMA reviewed data on bidding for previous contracts, which indicated that the parties frequently bid against each other, and reviewed business strategy documents that showed that the parties considered each other to be significant competitors,’ the CMA says.
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