View the amec foster wheeler results of court meeting and general meeting recommended allshare offer for amec foster wheeler plc. Wood group s new ordinary shares will be admitted to the. Wood group is pleased to announce that it has completed the acquisition of amec foster wheeler. Wood group in deal to take over amec foster wheeler. Merged wood group launches with new brand, office closures. Run a search for wood formerly amec foster wheeler in the gulf hub get rss. With a combined workforce of 64,000, it will rank as one of the top 15 oilfield service companies in the world. Jwgs debt came from its own purchase of rival group amec foster wheeler for. John wood group plc agreed to acquire amec foster wheeler plc in an allshare deal that values the u. 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. 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.
Publication of prospectus and circular offer by john wood group plc documents related to the offer. Wood group and amec to combine share capital evening express. 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 john plc final results for the year to 31. View pdf registers moved to registered office address. Undertakings given by john wood group plc and amec foster. Lot of enthusiasm for wood group, amex foster wheeler deal. Wheeler plc to the competition and markets authority pursuant to section 73 of. Amec foster wheeler plc was a british multinational consultancy, engineering and project management company headquartered in london, united kingdom. We previously reported on our wood group kenny uk limited entity which since our last report. Amec foster wheeler plc amfw financial and strategic. Wood group and amec foster wheeler have finally tied the knot. Wood groups acquisition of amecfw will create a dominant. Wood groups new ordinary shares will be admitted to the.
Our companys name, taxpayer identification number, duns number and cage code all remain unchanged, as well as the resources. The merger was wrapped up after amec agreed to sell. 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. News wood group completes acquisition of amec foster wheeler. Oct 09, 2017 wood group has announced that it has completed the acquisition of amec foster wheeler. Mar, 2017 wood group offer comes just in time for amec foster wheeler. This swot analysis features 5 companies, including john wood group plc, fluor corporation, petrofac limited, balfour beatty plc, fugro n. John wood group plc is a multinational energy services company with headquarters in. Usbased jacobs agrees deal to buy john wood group nuclear. Aberdeenbased wood group said the deal will result in significant cost. Mar, 2017 reuters british oilfield services company john wood group has agreed to buy amec foster wheeler amfw. Corporate leaders group on climate change, university of cambridge programme for. The oil services sector is to contract after the aberdeenbased wood group made an agreed allshare offer for amec foster wheeler, valuing it at. John wood group plc annual report and accounts 2017.
In 2016, amec s north sea business contributed revenues of. Impact of existing and emerging offshore decommissioning market. To choose your options for email notification, please enter your email address below and click on subscribe. 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.
Amec foster wheeler limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. The two sides announced the completion of their merger deal on monday after amec offloaded the majority of its upstream oil and gas. 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. Wood group and amec wrap up merger financial times. 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 groups new ordinary shares will be admitted to the premium segment of. Wheeler, plc, technipfmc, plc, ramboll group, john wood group, plc. Amec foster wheeler the merger of amec and foster wheeler.
Wood group interested in keeping amecs nuclear ops. 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. 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. The new combined entity has operations in more than 60 countries with around 55,000 people, including 24,000 in the americas. The company was focused on engineering, procurement, and construction management epc contracting and power equipment supply. Amec foster wheeler, 2016 treatability studies were conducted on ix and ro to evaluate. Mar, 2017 reuters oil services company wood group has agreed to buy rival amec foster wheeler for 2.
The cma investigated the anticipated acquisition by john wood group plc of amec foster wheeler plc. 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. John wood group plc is a multinational energy services company with headquarters in aberdeen. Petrofac, wood group, amec fw hit by unaoil scandal. Wood group offer comes just in time for amec foster wheeler. Amec foster wheeler salaries in chennai, india area.
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 completes acquisition of amec foster wheeler. Wood group s new ordinary shares will be admitted to the premium segment of the official list and to trading. Wood group has announced that it has completed the acquisition of amec foster wheeler. 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. It is listed on the london stock exchange as well as being a constituent of the ftse 250 index. You may automatically receive john wood group plc financial information by email.
Undertakings given by john wood group plc and amec foster wheeler plc to the competition and markets authority pursuant to section 73 of the enterprise act 2002. Amec foster wheeler was bought by and merged into wood group in october 2017. Wood group and amec foster wheeler also saw shares close down 4. Pdf trends and forecast 202020225 amec foster wheeler, plc.
The board believes that a combination with john wood group will accelerate the delivery of the future value inherent in the company. 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. Theres even a logo featuring lowercase lettering and a. This transformational acquisition creates a global leader in the delivery of. Mar, 2017 john wood group plc agreed to acquire amec foster wheeler plc in an allshare deal that values the u.
Wood group and amec foster wheeler have approved wood groups recommended allstock offer for amec foster wheeler. Group and amec foster wheeler for the long term benefit of all stakeholders. Salaries posted anonymously by amec foster wheeler employees in chennai. Wood group surprised the market by announcing an equityfinanced bid for amec foster wheeler at a price of 564p, a 28. 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. Reuters oil services company wood group has agreed to buy rival amec foster wheeler for 2. Today, wood group announced the acquisition of amec foster wheeler. Mar 14, 2017 today, wood group announced the acquisition of amec foster wheeler. Wood group completes amec foster wheeler acquisition. 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. John wood group plc wood group has agreed to acquire amec foster wheeler plc amec the merger. Amec foster wheeler and wood group announced merger agreement. John wood group plc is a multinational energy services company with headquarters in aberdeen, scotland. This merger will create a clear market leader within the engineering and mmomarket, with a market share twice as large as its competitors.
All statements other than statements of historical fact are, or may be deemed to be, forward looking statements. The following slide deck was published by amec foster wheeler plc in conjunction with this event. Oct 09, 2017 wood group and amec foster wheeler have finally tied the knot. John wood group amec foster wheeler merger inquiry gov.
Londonoilfield services company john wood group plc said monday it will acquire rival amec foster wheeler plc in a. Wood is a trading name for john wood group plc and its subsidiaries. Reuters british oilfield services company john wood group has agreed to buy amec foster wheeler amfw. Amec foster wheeler plc 2017 first half results wood. Wood group agrees takeover of rival amec foster wheeler bbc news. Although the deal instantly fixes amec foster wheelers balance sheet, this wasnt through the rights issue that we had anticipated. Amec foster wheeler and wood group announced merger. Wood group interested in keeping amecs nuclear ops, sources. 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. Wood group and amec are together referred to as the parties. The two sides announced the completion of their merger deal on monday after amec. Petrofac, wood group, amec fw hit by unaoil scandal news. Wood group completes acquisition of amec foster wheeler youtube.
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