REG - Wood Group (John)PLC - Completion of sale of North America T&D to Qualus

John WoodAnnouncement

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RNS Number : 7397F  Wood Group (John) PLC  31 October 2025

 

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FOR IMMEDIATE RELEASE

31 October 2025

John Wood Group PLC

("Wood" or the "Company")

Completion of sale of North America T&D to Qualus

Further to the Company's announcements on 29 August 2025 and 30 October 2025,
the board of Wood is pleased to announce that it has today completed the sale
of its North American Transmission & Distribution engineering business
("North America T&D") to Qualus LLC and 2737813 ALBERTA LTD (together,
"Qualus"), as described in the announcement on 29 August 2025, for an
enterprise value of $110 million and cash proceeds of approximately $105
million net of transaction costs.

For the purposes of UK Listing Rule 7.3.3, Wood confirms that there has been
no material change affecting any matter contained in the Company's
announcements on 29 August 2025 or 30 October 2025.

Enquiries

 Simon McGough, President, Investor Relations  +44 (0)7850 978 741
 Alex Le May / Ariadna Peretz, FTI Consulting  +44 (0)20 3727 1340

 

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Save as required by the Market Abuse Regulation, the Disclosure Guidance and
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or other statements contained in this announcement, or to correct any
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