Completion of sale of North America T&D to Qualus
Summary by AI BETAClose X
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
FOR IMMEDIATE RELEASE
31 October 2025
John Wood Group PLC
("Wood" or the "Company")
Completion of sale of North America T&D to Qualus
Further to the Company's announcements on 29 August 2025 and 30 October 2025, the board of Wood is pleased to announce that it has today completed the sale of its North American Transmission & Distribution engineering business ("North America T&D") to Qualus LLC and 2737813 ALBERTA LTD (together, "Qualus"), as described in the announcement on 29 August 2025, for an enterprise value of $110 million and cash proceeds of approximately $105 million net of transaction costs.
For the purposes of UK Listing Rule 7.3.3, Wood confirms that there has been no material change affecting any matter contained in the Company's announcements on 29 August 2025 or 30 October 2025.
Enquiries
|
Simon McGough, President, Investor Relations |
+44 (0)7850 978 741 |
|
Alex Le May / Ariadna Peretz, FTI Consulting |
+44 (0)20 3727 1340 |
Important Notices
The distribution of this announcement in or from certain jurisdictions may be restricted or prohibited by the laws of any jurisdiction other than the UK. Recipients of this announcement are required to inform themselves of, and comply with, all restrictions or prohibitions in such other jurisdictions. Any failure to comply with applicable requirements may constitute a violation of the laws and/or regulations of such other jurisdictions.
This announcement has been prepared for the purposes of complying with the applicable law and regulation of the UK (including the UK Listing Rules (the "UKLRs") and the Disclosure Guidance and Transparency Rules) and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the UK.
Save as required by the Market Abuse Regulation, the Disclosure Guidance and Transparency Rules, the UKLRs or by applicable law, Wood expressly disclaims any intention, obligation or undertaking to update, review or revise any of the information or the conclusions contained herein, including forward-looking or other statements contained in this announcement, or to correct any inaccuracies which may become apparent whether as a result of new information, future developments or otherwise.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund