Erickson Air-Crane acquiring Brazilian firm

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Friday, March 08, 2013

Erickson Air-Crane is close to landing a Brazilian helicopter firm that specializes in South and Central American gas and oil fields.

The Oregon-based heavy-lift helicopter company said it would pay HRT Participacoes em Petroleo, headquartered in Rio de Janeiro, between $65 million and $75 million by the time the deal for its aerial services unit, Air Amazonia, closes in the second quarter. Erickson's primary manufacturing and maintenance complex is on Willow Springs Road in Central Point.

President and Chief Executive Officer Udo Rieder called the transaction a milestone for Erickson Air-Crane as it expands into the fast-growing Latin America oil and gas markets.

Read more at The Mail Tribune.

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