Wood Group completes acquisition of Amec Foster Wheeler
Wood Group – the owner of PSJ Fabrications’ parent company, The Automated Technology Group – has announced the completion of its acquisition of Amec Foster Wheeler, a major player in the oil and gas industry, as well as in power and process, mining and other sectors.
Rebranded as ‘Wood’, the new company forms a global leader in the delivery of project, engineering and technical services to energy and industrial markets. Described by Robin Watson, Chief Executive of Wood, as “transformational”, the acquisition creates an organisation spanning more than 60 countries, employing around 55,000 people and with revenues of over $11 billion.
“We become a business of significant scale and enhanced capability,” said Robin Watson, “delivering services across a broader range of geographies and sectors, differentiated by the quality of our people, enabling technology and know-how. Wood is better placed to serve customers than ever before, with a more comprehensive range of capabilities and the potential to deliver efficient integrated solutions with fewer customer interfaces.”
Andy Robinson, CEO of The Automated Technology Group, commented: “This acquisition is fantastic news as it creates exciting opportunities, both for Wood and for us at The Automated Technology Group.”
Wood combines the vast expertise of three trailblazing engineering companies with a prodigious history of innovation: Amec, founded in 1848; Foster Wheeler, dating back to 1884; and Wood Group, established in 1912. All this experience enables Wood to provide performance-driven solutions throughout the asset life cycle – from concept to decommissioning – across a broad range of industrial markets. These include the oil & gas, chemicals, environment & infrastructure, power & process, clean energy, mining and general industrial sectors.
To find out more about Wood, visit the new website at www.woodplc.com.