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Wood Group completes acquisition of Amec Foster Wheeler

The new combined entity, with revenues of $11 billion, has operations in more than 60 countries with around 55,000 people.


Scottish-based Wood Group has completed the acquisition of Amec Foster Wheeler, creating a new global consulting engineering firm with revenues of $11 billion. The new combined entity has operations in more than 60 countries with around 55,000 people, including 24,000 in the Americas.

“This transformational acquisition creates a global leader in the delivery of project, engineering and technical services to energy and industrial markets,” said Robin Watson, Wood Group CEO, in a company release.

We expect to deliver significant cost synergies and incremental revenue synergies in a less cyclical business which retains a predominantly reimbursable, asset light model with a balanced risk appetite.”

 


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2 Comments » for Wood Group completes acquisition of Amec Foster Wheeler
  1. Christopher Neville says:

    Let me get this straight.
    1. 2014/11: Amec acquires Foster Wheeler: 40,000 staff
    2. 2017/10: Wood acquires Amec-Foster Wheeler: 55,000 staff
    Did Amec shrink in the meantime, or is a firm of 15,000 acquiring a firm of 40,000?

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