Wood Group

Background

John Wood Group PLC provides contract engineering, project management, operations, and consulting services with offices in over 60 countries. Subsidiaries include Mustang Engineering. Operations are organized into three business units: Asset Solutions Americas (AS Americas); Assets Solutions Europe, Africa, Asia, & Australia (AS EAAA); and Technical Consulting Solutions (TCS). Common shares are listed on the LON (WG) exchange. The company traces its name back to founder John Wood.

Matthew Hall opened a lead work business in 1848, and Leonard Fairclough began a stone business in 1883 in the UK. Water Works Supply was created by the Foster family in 1884, and Wheeler Condenser & Engineering was established in 1891. In 1912, William Wood founded Wood & Davidson. Foster Wheeler Corporation was formed in 1927 through the combination of Power Specialty Company (replaced Water Works Supply) and Wheeler Condenser. Costain & Press was established in 1960 to undertake mechanical works for oil companies. 

In 1973, the company John Wood & Son, successor to Wood & Davidson, formed an alliance with Weir Group to focus on oilfield services. JW Holdings was formed in 1981 to retain the family fishing business, and John Wood Group was formed in 1982 to focus on engineering. Also in 1982, the Fairclough and William Press construction groups merged to form Amec. Amec acquired the Matthew Hall companies in 1988, and Wood acquired JP Kenny in 1993.

Wood acquired Mustang Engineering and Alliance Engineering in 2000 while Amec merged with Agra. Wood acquired maintenance company PSN in 2011. Amec acquired Foster Wheeler in 2014, and Wood acquired Kelchner and The Infinity Group in 2015. In 2017, Wood and Amec Foster Wheeler merged.

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Oil & Gas Production

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