Wood Group Completes Sale of UK Transmission Business
John Wood Group PLC said that its deal in the UK was done. The sale included its engineering work for transmission and distribution.
The business’s main focus is on power infrastructure services in the UK. After following the rules, ownership has passed to United Infrastructure.
Source: BBC
Transaction Closed With £57.5 Million Cash Consideration
The deal was worth £57.5 million in cash. After costs related to the deal, the net proceeds were about £55.1 million.
There was an announcement about the deal at the beginning of December. On December 30, 2025, it was officially finished.
United Infrastructure Acquires UK Power Engineering Operations
UI Telecoms & Power Holdco Limited was the buyer. The company does business as United Infrastructure.
United Infrastructure is expanding its presence in power engineering services. The purchase makes it stronger in the UK energy market.
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Sale Means Giving Up UK-Based T&D Activities
Wood Group sold off its transmission operations in the UK. These assets helped build and keep up the infrastructure for the electricity network.
The deal is a strategic way to get out of UK T&D services. But the company didn’t say anything about its plans for bigger changes.
Company Says Terms of Previous Deal Will Not Change
Wood Group said that the earlier announcement was not affected by any major changes. All of the terms that were made public on December 10 are still in effect.
The company sent out confirmation according to the UK Listing Rules. The disclosure was in line with the rules of the London Stock Exchange.
Limited Disclosure on Strategic Rationale or Proceeds Usage
The press release didn’t explain why the strategy was chosen. Management also didn’t say anything about plans for allocating capital.
Investors didn’t know what to do with their money when they wanted to reinvest it. The company hasn’t said what its priorities will be after it sells off its assets.
Completion Marks End Of Wood’s Ownership Of UK T&D
The sale officially ended Wood Group’s ownership of the unit. The deal was done at the end of the year twenty-five.
Wood Group is still running its other global engineering divisions. Future announcements may make the long-term strategic direction clearer.
