On 2 august 2017, the competition and markets authority cma decided under section 331 of the enterprise act 2002 the act that it is or may be the. Jul 12, 2017 the uk serious fraud office has launched an investigation into amec foster wheeler, a uk engineering company set to be acquired by the oilfield services giant wood group. In a statement on tuesday, amec foster wheeler said it was informed by the sfo that it has now opened an investigation into amec foster wheeler, predecessor. You may automatically receive john wood group plc financial information by email. Wood group in deal to take over amec foster wheeler. Mar, 2017 reuters oil services company wood group has agreed to buy rival amec foster wheeler for 2.
Wood group completes amec foster wheeler acquisition. We previously reported on our wood group kenny uk limited entity which since our last report. Impact of existing and emerging offshore decommissioning market. Oct 09, 2017 wood group has announced that it has completed the acquisition of amec foster wheeler. Wood group john plc final results for the year to 31. Wheeler, plc, technipfmc, plc, ramboll group, john wood group, plc. Group and amec foster wheeler for the long term benefit of all stakeholders. Theres even a logo featuring lowercase lettering and a. Amec foster wheeler plc was a british multinational consultancy, engineering and project management company headquartered in london, united kingdom.
The new combined entity has operations in more than 60 countries with around 55,000 people, including 24,000 in the americas. It is listed on the london stock exchange as well as being a constituent of the ftse 250 index. Wood group completes acquisition of amec foster wheeler. Wood groups acquisition of amecfw will create a dominant. Run a search for wood formerly amec foster wheeler in the gulf hub get rss. The boards of amec foster wheeler and wood group are pleased to announce that they have reached agreement on the terms of a recommended allshare offer by wood group to acquire the entire issued. Wood is a trading name for john wood group plc and its subsidiaries. Salaries posted anonymously by amec foster wheeler employees in chennai. John wood group plc agreed to acquire amec foster wheeler plc in an allshare deal that values the u. The two sides announced the completion of their merger deal on monday after amec offloaded the majority of its upstream oil and gas. The following slide deck was published by amec foster wheeler plc in conjunction with this event. Wood group completes acquisition of amec foster wheeler youtube. John wood group plc is a multinational energy services company with headquarters in aberdeen. For up to date information and jobs, please see the wood group profile.
Wood group and amec wrap up merger financial times. John wood group amec foster wheeler merger inquiry gov. The merger was wrapped up after amec agreed to sell. Corporate leaders group on climate change, university of cambridge programme for. Wood group has announced that it has completed the acquisition of amec foster wheeler.
Undertakings given by john wood group plc and amec foster. Wood group s new ordinary shares will be admitted to the premium segment of the official list and to trading on the main market for listed securities of the london stock exchange with effect from 8. Looking forward, i am confident amec foster wheeler is now moving in the right direction, and i believe that our people and shareholders will have an exciting future as part of the wood group, once the deal closes in the fourth quarter. The uk serious fraud office has launched an investigation into amec foster wheeler, a uk engineering company set to be acquired by the oilfield services giant wood group. Wood groups new ordinary shares will be admitted to the premium segment of. Wood group and amec foster wheeler have finally tied the knot. During the reporting period the sale of the legacy amec foster wheeler north sea business took place in october 2017, reducing headcount significantly in amec foster wheeler group limited and explains the reduction of employees in this entity. This merger will create a clear market leader within the engineering and mmomarket, with a market share twice as large as its competitors. Wood group has combined with amec foster wheeler to form a new global leader in the delivery of project, engineering and technical services to energy and industrial markets.
Petrofac, wood group, amec fw hit by unaoil scandal. Wood group and amec are together referred to as the parties. Amec foster wheeler was bought by and merged into wood group in october 2017. Amec foster wheeler and wood group announced merger. Amec foster wheeler salaries in chennai, india area. Today, wood group announced the acquisition of amec foster wheeler. The offer was launched by wood group back in march, under which each amec foster wheeler shareholder will receive for each amec foster wheeler share 0. Mar, 2017 reuters british oilfield services company john wood group has agreed to buy amec foster wheeler amfw. Mar, 2017 wood group offer comes just in time for amec foster wheeler. However, the amec foster wheeler board believes that a combination with wood group adds to the standalone prospects of amec foster wheeler, by accelerating the delivery of the future value inherent in the amec foster wheeler business and, at the same time, helps to realise the full potential of each of amec foster wheeler and wood group. Wood group s new ordinary shares will be admitted to the.
Aberdeenbased wood group said the deal will result in significant cost. Lot of enthusiasm for wood group, amex foster wheeler deal. The cma considers that there are reasonable grounds for believing that the undertakings offered by john wood group plc and amec foster wheeler plc, or. Amec foster wheeler and wood group announced merger agreement. Wood group surprised the market by announcing an equityfinanced bid for amec foster wheeler at a price of 564p, a 28. View the amec foster wheeler results of court meeting and general meeting recommended allshare offer for amec foster wheeler plc. When two become one mergers are never easy, and when two giants in the international engineering and construction industry came together with the uks amec acquiring the usbased foster wheeler the challenges they faced were very big indeed.
This transformational acquisition creates a global leader in the delivery of. View pdf registers moved to registered office address. Oct 09, 2017 wood group and amec foster wheeler have finally tied the knot. Wood group interested in keeping amecs nuclear ops. Although the deal instantly fixes amec foster wheelers balance sheet, this wasnt through the rights issue that we had anticipated. Publication of prospectus and circular offer by john wood group plc documents related to the offer. Wood groups new ordinary shares will be admitted to the. The two sides announced the completion of their merger deal on monday after amec. Wood groups new ordinary shares will be admitted to the premium segment of the official list and. Wood group is pleased to announce that it has completed the acquisition of amec foster wheeler. Wood group and amec to combine share capital evening express. Mar 14, 2017 today, wood group announced the acquisition of amec foster wheeler. John wood group plc wood group has agreed to acquire amec foster wheeler plc amec the merger.
With a combined workforce of 64,000, it will rank as one of the top 15 oilfield service companies in the world. The oil services sector is to contract after the aberdeenbased wood group made an agreed allshare offer for amec foster wheeler, valuing it at. The cma considers that there are reasonable grounds for believing that the undertakings offered by john wood group plc and amec foster wheeler plc, or a modified version of them. Wood group agrees takeover of rival amec foster wheeler bbc news. This swot analysis features 5 companies, including john wood group plc, fluor corporation, petrofac limited, balfour beatty plc, fugro n. Amec foster wheeler limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. Wood group and amec foster wheeler also saw shares close down 4. News wood group completes acquisition of amec foster wheeler.
Merged wood group launches with new brand, office closures. Amec foster wheelers ultimate parent, amec foster wheeler plc, was acquired on october 6, 2017 by john wood group plc, another ukbased publicly traded company. To choose your options for email notification, please enter your email address below and click on subscribe. John wood group plc is a multinational energy services company with headquarters in. The company was focused on engineering, procurement, and construction management epc contracting and power equipment supply.
Wood formerly amec foster wheeler business and human rights. Our companys name, taxpayer identification number, duns number and cage code all remain unchanged, as well as the resources. John wood group plc annual report and accounts 2017. Aa on 6 october to create wood, a global leader in the delivery of project, engineering and technical services to energy and industrial markets. Wood group s new ordinary shares will be admitted to the premium segment of the official list and. The cma investigated the anticipated acquisition by john wood group plc of amec foster wheeler plc. Mar, 2017 however, the amec foster wheeler board believes that a combination with wood group adds to the standalone prospects of amec foster wheeler, by accelerating the delivery of the future value inherent in the amec foster wheeler business and, at the same time, helps to realise the full potential of each of amec foster wheeler and wood group. Amec foster wheeler, 2016 treatability studies were conducted on ix and ro to evaluate. Wood group offer comes just in time for amec foster wheeler. Amec foster wheeler plc amfw financial and strategic. Wood group s new ordinary shares will be admitted to the premium segment of the official list and to trading.
John wood group plc is a multinational energy services company with headquarters in aberdeen, scotland. The board believes that a combination with john wood group will accelerate the delivery of the future value inherent in the company. Reuters british oilfield services company john wood group has agreed to buy amec foster wheeler amfw. Wood group and amec foster wheeler have approved wood groups recommended allstock offer for amec foster wheeler. In 2016, amec s north sea business contributed revenues of. All statements other than statements of historical fact are, or may be deemed to be, forward looking statements. Pdf trends and forecast 202020225 amec foster wheeler, plc. Mar, 2017 john wood group plc agreed to acquire amec foster wheeler plc in an allshare deal that values the u.
780 1007 1381 1103 769 592 300 227 1506 1083 1426 277 31 647 728 1185 918 257 52 248 1648 846 1014 191 221 374 32 1506 1173 1644 400 483 31 427 453 361 311 974 598 346 1371 1231 1406 98 1358 785 358 972