John Wood Group

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John Wood Group PLC
Public limited company
Traded asLSEWG.
IndustryOil and gas
Founded1982
HeadquartersAberdeen, Scotland, UK
Key people
Ian Marchant (Chairman), Robin Watson (Chief Executive)
ProductsOil and gas engineering, production support, gas turbine maintenance
RevenueUS$10,014.4 million (2018)[1]
US$356.6 million (2018)[1]
US$(7.6) million (2018)[1]
Number of employees
55,000 (2018)[2]
Websitewww.woodplc.com

John Wood Group PLC is a multinational energy services company with headquarters in Aberdeen, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

The business was founded by Sir Ian Wood in 1982, when it split away from JW Holdings,[3] the largest fishing company in Scotland.[4] JW Holdings had diversified into the energy services business at the outset of the North Sea oil industry in the early 1970s.[5] The company acquired Mustang Engineering Inc, an engineering business based in Houston, Texas in September 2000.[6] In 2002, the company was listed on the London Stock Exchange.[4]

In March 2017, the company announced it would acquire its rival, Amec Foster Wheeler, in an all stock deal, valued at approximately £2.2 billion.[7] The transaction was completed on 9 October 2017.[8]

Operations[edit]

Wood provides a range of engineering, production support and maintenance management services to the energy and industrial sectors worldwide.[9]

See also[edit]

References[edit]

  1. ^ a b c "Annual Results 2018" (PDF). Wood Group. Retrieved 19 March 2019.
  2. ^ "About us". Wood Group. Retrieved 19 March 2018.
  3. ^ Gosden, Emily. "Billionaire Wood Group chairman Sir Ian Wood to retire". Telegraph. Retrieved 20 July 2017.
  4. ^ a b "Wood Group Company History and Heritage". woodgroup.com. Retrieved 3 April 2015.
  5. ^ Darroch, Valerie (31 December 2006). "Boss of the year: Sir Ian Wood reveals the secret of his success as he gets ready for a new role". Sunday Herald. Retrieved 27 April 2008.[dead link]
  6. ^ "Wood Group confirms signing of Mustang deal". European Power News. September 2000. Retrieved 7 April 2017.
  7. ^ "Wood Group agrees takeover of rival Amec Foster Wheeler - BBC News". Bbc.co.uk. 1 January 1970. Retrieved 13 March 2017.
  8. ^ "Wood Group completes £2.2bn takeover of Amec Foster Wheeler". City AM. 9 October 2017. Retrieved 9 October 2017.
  9. ^ "Wood Group". FT. Retrieved 7 April 2017.

External links[edit]