Industrifonden sells Scandinavian Air Ambulance to Avincis Group

March 27, 2014

Industrifonden and Pegroco Invest have sold Scandinavian Air Ambulance to Avincis Group, a leading international provider of mission critical aviation services.

With bases across Sweden and Finland, SAA is one of Scandinavia’s largest air ambulance companies. It has achieved a significant growth since Pegroco and Industrifonden invested in 2007 and 2009, respectively.

Each year SAA flies 14,000 patients spread over approximately 11,000 flight hours. SAA currently operates with 22 aircrafts, 8 planes and 14 helicopters from 13 bases.

Under the terms of the agreement, SAA would continue its existing operations serving customers across Scandinavia, and would continue to manage the business. SAA founder and CEO Henry Hansen will continue to lead SAA and all Avincis’ mission critical services in Scandinavia.

Avincis is one of the world’s leading providers of aviation services for mission-critical operations such as medical emergency, civil protection, search & rescue, coast and city surveillance, firefighting and energy support services. Based in the UK, Avincis provides central resources, safety and operating standards and systems and expertise to its operating companies who serve local markets and customers in Spain, Italy, France, Portugal, UK, Norway, Australia and Ireland.

Avincis operates a fleet of around 350 aircraft and employs around 3000 people.

“We are very pleased with our investment in SAA, says Tore Tolke, Investment Manager at Industrifonden. We are convinced that SAA, having joined forces with one of the world’s leading air ambulance providers, will continue its successful growth.”

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