John Wood Group plc, commonly known as Wood, is a British multinational engineering and consulting business with headquarters in

Aberdeen Aberdeen (; sco, Aiberdeen ; gd, Obar Dheathain ; la, Aberdonia) is a city in North East Scotland, and is the third most populous city in the country. Aberdeen is one of Scotland's 32 local government council areas (as Aberdeen City), a ...

, Scotland. It is listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

as well as being a constituent of the

FTSE 250 Index The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septem ...

History

The business was founded by Ian Wood in 1982, when it split away from JW Holdings, the largest fishing company in Scotland. JW Holdings had diversified into the energy services business at the outset of the

North Sea oil North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea. In the petroleum industry, the term "North Sea" often includes areas such as the Norwegian Se ...

industry in the early 1970s. The company acquired Mustang Engineering Inc, an engineering business based in

Houston Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 ...

Texas Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by ...

in September 2000. In 2002 the company was listed on the

. In March 2017, the company announced it would acquire its rival,

Amec Foster Wheeler Amec Foster Wheeler plc was a British multinational consultancy, engineering and project management company headquartered in London, United Kingdom. In October 2017, it was acquired by Wood Group. It was focused on the Oil, Gas & Chemicals, ...

, in an all stock deal, valued at approximately £2.2 billion. The transaction was completed on 9 October 2017. In 2020 the nuclear business, mostly decommissioning work at

Sellafield Sellafield is a large multi-function nuclear site close to Seascale on the coast of Cumbria, England. As of August 2022, primary activities are nuclear waste processing and storage and nuclear decommissioning. Former activities included nuc ...

, was sold for £250 million to the US

Jacobs Engineering Group Jacobs Solutions Inc. is an American international technical professional services firm. The company provides engineering, technical, professional and construction services, as well as scientific and specialty consulting for a broad range of cli ...

which has a global nuclear business. The sale will reduce company debt and supports its increasing focus on growing areas like renewables. The company announced in February 2022 that it would make a loss of approximately US$222million on an anti-missile defence facility for the

United States Army Corps of Engineers , colors = , anniversaries = 16 June (Organization Day) , battles = , battles_label = Wars , website = , commander1 = ...

. In June 2022, the company announced the sale of its built environment consulting business to WSP Global Inc for approximately US$1.9billion. Later that month, Wood appointed Ken Gilmartin as its new CEO. Gilmartin joined company in August 2021 as Chief Operating Officer following a 15-year career at Jacobs.

Operations

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

References

External links

Official website
{{Authority control Engineering companies of Scotland Energy engineering and contractor companies Oilfield services companies Companies based in Aberdeen Energy companies established in 1982 Non-renewable resource companies established in 1982 1982 establishments in Scotland Companies listed on the London Stock Exchange British companies established in 1982 2002 initial public offerings

History

Operations

See also

References

External links