26
2014PF
2005
92%
8%
75%
25%
Rest of the World
Spain
2014PF
2005
5%
64%
31%
45%
25%
30%
Life and Rescue
Safety and Environment
Energy Support
2013
2012
2011
2010
79.0
2009
90.6
137.5
142.1
2008
2007
2006
25.4
2005
34.7
43.0
71.3
143.0
26,1%
27,1%
27,1%
25,8%
20,4%
26,6%
26,4%
25,3%
25,2%
2014PF
21.9%
175.0
Under Investindustrial’s ownership Avincis underwent a
major transformation: nine add-on acquisitions have been
completed allowing the company to strengthen its presence
in Italy, France, the UK, Portugal, Chile, Peru, Ireland, Norway,
Australia, Denmark, Finland and Sweden. In the first quarter
of 2014 Avincis continued its internationalization strategy by
reaching an agreement for the acquisition of Scandinavian
AirAmbulance, the leading provider of air ambulance services in
the Nordic region. During 2013 Avincis continued the integration
of Bond Aviation Group acquired in 2012, a major independent
UK helicopter operator, which provides offshore (Oil & Gas)
transportation and mission critical emergency helicopter
services under long-term contracts. This acquisition allowed
Avincis to enter the heavy fleet segment, in which the company
was not present, providing access to further future growth.
In addition, Avincis increased its presence in the strategically
attractive segment of the Oil & Gas helicopter services market
that strongly resembles Avincis’ core business lines, given the
mission-critical nature of helicopter transportation in the North
Sea, the high component of search & rescue operations, and
the structure of Bond’s contracts with major Oil & Gas blue-chip
operators (long-term, fixed charged revenues). Avincis continues
to be well positioned for future growth, both organically and
through additional bolt-on acquisitions. In early 2014, Avincis
was sold to Babcock International, the UK engineering support
service leader, after the two companies initially started
collaborating on bidding for new contracts. The sale of Avincis
was completed valuing the company at
€
2 billion.
Achieving
internationalisation
and business diversification
while strengthening profitability
EBITDA (
€
m) and Margin (%)
By Year
Sales (%)
By Country
By Category
