John Wood Group has completed the sale of its 50 percent interest in RWG (Repair & Overhauls) Limited to Siemens Energy Global for $151 million, the company said Thursday.
The transaction, conducted through Wood’s wholly owned subsidiary JWG Investments Limited, closed on Dec. 31, 2025.
The disposal marks another step in Wood’s ongoing portfolio simplification and follows earlier disclosures made on July 25 and Nov. 3, 2025. The company said the RWG sale proceeds align with its strategy to strengthen the balance sheet and streamline operations.
Wood also highlighted recent financing developments, noting that the A&E Effective Date occurred on Dec. 4, 2025, giving the company access to $250 million in Sidara Interim Funding and a $200 million New Money Facility. Both financing mechanisms were outlined previously in the firm’s Scheme Document.
In addition, Wood confirmed it has completed the sale of its U.K. Transmission & Distribution engineering business to UI Telecoms & Power Holdco Limited for £57.5 million. That transaction, announced on Dec. 10, 2025, closed on Dec. 30, 2025.
The company said that aside from the financing update and the U.K. T&D Transaction, “there has been no material change” affecting matters disclosed in its July 25 and Nov. 3 announcements, in line with UK Listing Rule 7.3.3.
Capitalised terms used in the release carry the meanings defined in Wood’s Nov. 3, 2025 announcement.
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