Babcock International Group Plc agreed to buy private equity-owned Avincis for 920 million pounds ($1.52 billion) to expand in helicopter services.

Under terms of the deal with Italy’s Investindustrial and Kohlberg Kravis Roberts & Co. of New York, the London-based provider of nuclear-submarine maintenance will also absorb 705 million pounds of Avincis debt, it said in a statement today.

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