10th Dec 2025 17:13
(Alliance News) - John Wood Group PLC on Wednesday said it has agreed to sell its UK Transmission & Distribution engineering business to UI Telecoms & Power Holdco Ltd, or United Infrastructure, for GBP57.5 million in cash.
John Wood is an Aberdeen, Scotland-based oilfield services and engineering consulting firm.
UK T&D is a provider of engineering, procurement, construction and installation services in respect of overhead line and underground cable projects within the UK, John Wood said.
The firm said the deal is consistent with its previously announced disposal programme of non-core businesses.
It said it contributes to a total of around USD345 million in total expected disposal proceeds agreed so far in 2025, ahead of the USD150 million to USD200 million targeted for this year.
John Wood said it will use the proceeds to reduce net debt and retain for general corporate purposes.
Last month, John Wood shareholders approved a takeover by Sidara Ltd, an entity controlled by Dar-Al Handasah Consultants Shair & Partners Holdings Ltd.
In August, the company agreed the deal worth 30p for each John Wood share, valuing the business around GBP210 million.
"The divestment of UK T&D to United Infrastructure represents another important step in simplifying Wood's portfolio and sharpening our strategic focus," said John Wood Chief Executive Officer Iain Torrens.
"With shared clients and aligned values, United Infrastructure is a strong strategic fit and will ensure the continued success of UK T&D and its talented people."
The deal is expected to complete on December 31.
Shares in John Wood were flat at 23.50 pence on Wednesday in London. They are down 65% in the last 12 months.
By Michael Hennessey, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Wood Group (J)