‘Slowly then suddenly’: Wood Group’s slide from North Sea champion to struggles with debt
The big takeover offered diversification into new sectors, such as renewables and civil engineering. But it came with legal liabilities, including a corruption settlement. Net debt also jumped from ...
The Financial Times1mon
Wood Group finds bad M&A also comes in small packages
Wood Group’s £2.2bn acquisition of rival Amec Foster Wheeler in 2017, for example. Wood is an Aberdeen-headquartered company that built its reputation delivering engineering contracts for oil ...
Zawya6mon
JOHN WOOD GROUP PLC
Its subsidiaries include SARL Wood Group Algeria, Wood Group Somias SPA, Wood Solar Argentina S.A.U, AMEC Limited Liability Company, and Amec Foster Wheeler Australia Pty Ltd. Sir Ian Wood House, ...
heraldscotland1mon
Aberdeen jobs fears as oil services giant Wood cuts costs
The company bought Amec Foster Wheeler for £2.2 billion in 2017 under former chief executive Robin Watson. Wood said it expected to write significant amounts off the valuation of its assets in ...