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      John Wood Group plc, commonly known as Wood, is a British multinational engineering and consulting business with headquarters in Aberdeen, Scotland. It is listed on the London Stock Exchange as well as being a constituent of the FTSE 250 Index. As of February 2025, the group employs 35,000 people globally.


      History


      The business was founded in 1982 by Ian Wood, when it split away from JW Holdings, the largest fishing company in Scotland. Ian played a pivotal role in the management and direction of the company, being its chief executive officer (CEO) through to 2006 as well as its chairman through to 2012. From the 1980s through to the end of the 2000s, the Wood family held (via a series of charities and trusts) a sizable stake in the business, at one point as high as 40 percent of all available shares, giving them considerable sway over decision-making.
      From the onset of its operations, the company benefited greatly from a decision made by JW Holdings to diversify into the energy services business at the outset of the North Sea oil industry in the early 1970s.
      In September 2000, John Wood Group acquired the Texas-based oil rig business Mustang Engineering Inc. for $137.5 million. Prior to the purchase, the business employed 6,000 staff worldwide while the purchase Mustang Engineering Inc, which was renamed Wood Group Mustang, added another 1,200 employees. Post-purchase, the entity has continued to operate as a subsidiary of John Wood Group.
      During 2002, following several years of speculation that the company would do so, John Wood Group was listed on the London Stock Exchange.
      In 2011, the company sold off its well support division to General Electric (GE) in exchange for $2.8 billion (£1.73 billion); it also conducted unsuccessful negotiations with GE over prospective co-operation on its gas turbine business as well. That same year, the Wood family reduced their 11 percent stake in John Wood Group to 1 percent in exchange for £366 million.
      During 2012, John Wood Group started providing environmental consultancy work to relation to Heathrow Airport's proposed expansion. The company has also been involved in other transport infrastructure schemes, such as the potential reopening of the Watford and Rickmansworth Railway.
      In 2016, John Wood Group expanded its footprint in the North Sea oil sector through the purchase of the Aberdeen-based business Enterprise Engineering shortly after it had entered administration.
      In March 2017, the company announced it would acquire its rival, Amec Foster Wheeler, in an all stock deal, valued at approximately £2.2 billion. Following approval from the Competition and Markets Authority, the transaction was completed on 9 October 2017. In the months following the transaction, John Wood Group opted to sell off some of the recently-acquired portions of Amec Foster Wheeler, including its North Sea oil & gas interests and its North American nuclear operation.
      During the 2010s, John Wood Group was involved in the design and construction of several civil nuclear power stations across the UK. In 2020, the company's nuclear division, including its decommissioning work at Sellafield, was sold to the American conglomerate Jacobs Engineering Group in exchange for £250 million. The proceeds of the sale were stated to by used to reduce company debt and support its increasing focus on growing areas like renewables.
      In February 2022, John Wood Group announced that it would make a loss of approximately US$222million on an Aegis Ballistic Missile Defense System facility for the United States Army Corps of Engineers.
      During June 2022, the company announced the sale of its built environment consulting business to WSP Global Inc in exchange for approximately US$1.9billion.
      In April 2023, the American private equity firm Apollo Global Management, following four rejected bids to do so, walked away from negotiations to take over John Wood Group. During May 2024, the company rejected a £1.4bn takeover offer made by the Dubai-based competitor Sidara, which “fundamentally undervalued” the company.
      In February 2025, the company's chief financial officer Arvind Balan resigned his position after his professional qualifications had been 'misstated'.


      Operations


      Wood provides consultation, management of assets and engineering services for the energy and materials sector.


      See also



      List of oilfield service companies
      Sigma3 (2001–2018)
      Flexcom, finite element analysis software developed by the John Wood Group for the energy industry


      References




      External links


      Official website

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    john wood group

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    Home | Wood

    With 35,000 professionals, across 60 countries, Wood is one of the world’s leading consulting and engineering companies operating across Energy and Materials markets.

    UK's Wood Group re-enters takeover talks with Dubai's Sidara, …

    23 hours ago · Britain's Wood Group is back in talks to be acquired by Dubai's Sidara, Financial Times reported on Monday, sending shares of the oilfield services and engineering firm up over 30%.

    Our business - Wood

    For more than 160 years, Wood has partnered with clients to deliver engineering, advisory and operational solutions to some of the world’s most complex and critical challenges in energy and materials.

    John Wood Group - Wikipedia

    John Wood Group plc, commonly known as Wood, is a British multinational engineering and consulting business with headquarters in Aberdeen, Scotland. It is listed on the London Stock Exchange as well as being a constituent of the FTSE 250 Index. As of February 2025, the group employs 35,000 people globally. [3]

    Wood Group Confirms Fresh Takeover Approach From Sidara

    22 hours ago · John Wood Group Plc confirmed that it has received a fresh takeover offer from engineering company Sidara, after a previous approach last year ended without a deal.. Sidara will be required to ...

    John Wood Group PLC (LON:WG) Stock Price & Overview

    4 days ago · Get the latest John Wood Group PLC (LON:WG) stock price quote with financials, statistics, dividends, charts and more.

    Trading update Q3 2024 | Wood

    Nov 7, 2024 · John Wood Group PLC (‘Wood’ or ‘the Group’) announces a trading update for the quarter ended 30 September 2024 (‘Q3’). Ken Gilmartin, CEO, said: “We continue to make progress on our turnaround, building a simpler, higher quality Wood.

    WG.L - | Stock Price & Latest News | Reuters

    3 days ago · John Wood Group plc is a United Kingdom-based global consulting and engineering company. The Company's segments include Projects, Operations, Consulting, and Investment Services (IVS).

    John Wood Group aims to accelerate asset sales to raise up to …

    Feb 14, 2025 · Wood Group’s CFO steps down after inaccurate claims about qualifications; ... John Wood Group aims to accelerate asset sales to raise up to $200mn. Subscribe to unlock this article.

    John Wood Group sells businesses after collapsed takeover bid

    Aug 28, 2024 · UK engineering company John Wood Group has sold two businesses for $165mn as it seeks to persuade investors of its future as a standalone company, following two collapsed takeover bids in...