GD Helicopter Finance (GDHF) has signed an agreement to acquire helicopter service provider NHV.
“This strategic acquisition creates huge synergistic value, combining GDHF’s global helicopter leasing & finance capabilities together with NHV’s strong market position and reputation as a premium European helicopter operator and MRO," said GDHF CEO Michael York.
GDHF said it will “improve its global delivery and asset management capabilities” by combining its existing helicopter portfolio and large OEM orderbooks with NHV's “reliable, safe, and precise” operations.
“NHV will be greatly enhanced with new-technology, cost-efficient helicopter fleet deployment capabilities to better meet the need of customers,” GDHF said in a statement.
GDHF will continue to serve customers globally, while NHV will focus on operations in Europe and Africa.
The deal is expected to close in the first quarter of next year.