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Country of Incorporation
Current disclosures in WOOD GROUP (JOHN) PLC, 4 currently shorting.
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Wed September 22, 2021
Opinion: No Opinion
Posted: May 3, 2019
RNS Number : 9469X
Wood Group (John) PLC
03 May 2019
Wood closes sale of Terra Nova Technologies
Wood today confirms it has completed the sale of conveyor systems business Terra Nova Technologies (TNT), as originally announced on 25 March. Following a strategic review of its portfolio, Wood identified potential asset disposals which are expected to generate proceeds in the range of c$200m-c$300m. This transaction makes a good contribution to the asset disposal programme.
The TNT business was sold to Cementation Americas, a firm owned by Murray & Roberts Holdings Ltd, for $38m, representing a multiple of 5.2x 2018 EBITA of $7.3m.
Posted: December 18, 2018
RNS Number : 7426K
Wood Group (John) PLC
18 December 2018
Wood wins $66 million Sellafield control systems framework
Wood has won a contract to supply programmable digital control technologies to the Sellafield nuclear site in Cumbria, UK.
The 10-year framework, worth $66 million, covers all stages of system design, manufacture and assembly of equipment, obsolescence management and maintenance support to project work and decommissioning carried out by Sellafield Ltd.
The contract will help Sellafield Ltd and its wider supply chain to deliver safe, sustainable and cost-effective solutions to full lifecycle controls integration supply at the site.
It was secured by a joint approach from nuclear and automation and controls specialists within Wood, augmenting best-in-class experience from the automotive and oil & gas sectors with nuclear competence, stakeholder relations and site-specific knowledge.
Bob MacDonald, CEO of Wood Specialist Technical Solutions, said: "We are looking forward to working with Sellafield Ltd and demonstrating the strength and depth of controls integration expertise across the whole of Wood, bringing together our nuclear expertise with our automation and controls capability.
"Securing this important framework is proof of the rationale for acquiring Amec Foster Wheeler 12 months ago and a good revenue synergy. We could not have won this contract as separate businesses.
"Our aim is to provide Sellafield Ltd with long-term supply chain capability and capacity, implementing standardised solutions, building innovation into design and delivery, managing obsolescence, and reducing lifecycle costs."