Cobham to buy FB Heliservices

Fri, 19 Jul 2013 | BUSINESS SALE

British defence giant Cobham has moved in on helicopter training company FB Heliservices.

Cobham already owned 50 per cent of the group through a joint venture, but it has now confirmed a deal that will see it take on the remaining 50 per cent from Bristow, giving it control of the whole company at the cost of £74 million.

The cash consideration will be payable upon completion, at which point Cobham will also assume the seller's share of FB Heliservices' debt.

The business has contracts in place across the globe and has a strong reputation for its work having trained Prince Harry and Prince William, along with many other soldiers and police squads.

Bob Murphy, chief executive of Cobham, commented: “This is a business we know extremely well through our long established, joint venture arrangement. It brings a long track record of operating in attractive, specialist outsourcing markets with demonstrable success in winning contracts across the globe.”

FB Heliservices will be folded in to its new owner's aviation branch, which already accommodates a division that services planes. Cobham intends to keep the business going “as usual” and its full acquisition of FB Heliservices will see it continue to operate in the military and government markets in the UK and abroad.

Employees will continue in their current roles and the senior management team is to remain unchanged.

Related information:
Know who you are buying from
Cobham to clear out unwanted businesses

Share this article

Latest Businesses for Sale

Cambridgeshire, UK Wide

Long established community pharmacy. First time on the market in 30 years. Now occupying exemplary new purpose built accommodation. Standard hours. Offers invited.

Asking Price: Offers Invited
Turnover: £885,000


Creative Consultancy & Interior Design Solutions
UK Wide

Works closely with clients to produce interior design solutions for educational institutions, which could be marketed to more sectors.Additionally offers an array of creative media, including videos,presentations, websites, branding and full direct m...

Asking Price: Offers Invited
Turnover: £873,000


Health Centre Pharmacy
Devon, UK Wide

Unopposed health centre pharmacy. Semi-rural location. In receipt of Pharmacy Access Scheme payments. Offers invited.

Asking Price: Offers Invited
Turnover: £845,000


View more businesses for sale

News Search

Latest News


Hawkin’s Bazaar enters administration | ADMINISTRATION

Norwich-based novelty toy retailer Hawkin’s Bazaar has...


MBO at Bristol-based media training firm | MBO/MBI

Mentor Media Training has been acquired by lead consultant D...


Chelmsford warehouse management firm bought by software provider | BUSINESS SALE

Chelmsford-based warehouse management solutions provider Min...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


UK government set to approve Cobham takeover | BUSINESS SALE

The British government is poised to approve the $5 billion t...


Management buyout at Carcraft | MBO/MBI

The chief executive of Carcraft has led a management buyout ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources