Wood Group

Aberdeen-headquartered John Wood Group plc has appointed Jade Moore as group chief financial officer, effective immediately. She replaces interim CFO Iain Torrens, who moves into the CEO role as part of the acquisition agreement with Sidara.

Wood Group shareholders have overwhelmingly approved the recommended £216 million cash acquisition of the firm by Sidara. A resolution to approve the Scheme of Arrangement passed with 89.07% in favour, bringing discussions over the future of the company, formerly led by Sir Ian Wood to a concl

Shares in Wood Group have resumed trading on the London Stock Exchange, surging as much as 38% after a suspension lasting more than five months.

Aberdeen's Wood Group has published its delayed financial results for full-year 2024 and the first half of 2025, a crucial step in its proposed takeover by Sidara. For the first six months of 2025, Wood reported a statutory loss for the period of $72 million (c. £55m). Despite the challenging

Wood Group's chief executive, Ken Gilmartin, is set to step down following a shareholder vote on Sidara's £206 million acquisition of the Aberdeen-based engineering firm. He will be succeeded by the current interim chief financial officer, Iain Torrens.

The potential takeover of Aberdeen's Wood Group by the Dubai-based conglomerate Sidara is set to generate more than £100 million in fees for City advisers, even as the deal risks collapse.

Sidara has tabled a formal £216 million bid to acquire the Aberdeen-based energy services giant Wood Group, valuing the company at 30p per share.

Aberdeen-based engineering firm Wood Group has sold its North American Transmission & Distribution business to power solutions group Qualus for $110 million (c. £82m).

Aberdeen-based engineering giant Wood Group is moving closer to a takeover by Dubai-headquartered Sidara, despite the bidder slashing its offer price by 14%.

Aberdeen-based energy services firm Wood Group and Dubai consultancy Sidara are nearing a takeover agreement, prompting a further extension of the offer deadline to 25 August.

UAE-based suitor Sidara is considering a cut to its takeover price for Wood Group, citing concerns over the Aberdeen-headquartered engineering firm’s ongoing investigation by the Financial Conduct Authority (FCA).

Wood Group's wholly-owned subsidiary, JWG Investments Limited, has agreed to sell its 50% stake in RWG (Repair & Overhauls) Limited to its joint venture partner, Siemens Energy, for a cash consideration of $135 million (c. £100m). The transaction is a key part of Wood's previously announce

The Financial Conduct Authority (FCA) has launched an investigation into Aberdeen-based energy services company, Wood Group, following the discovery of "material weaknesses and failures" in the firm's financial culture.

Aberdeen-based engineering firm Wood Group's chairman Roy Franklin acknowledged a "very painful period" for shareholders due to a significant collapse in the company's value, at its annual general meeting (AGM) this week.

Aberdeen-based Wood Group has seen the deadline for a potential takeover by Dubai-headquartered Sidara extended for a third time.