Continental Focus, International Reach

Wood Group and Amec Foster Wheeler Deal Gets Thumbs Up

Monday, June 19, 2017

Wood Group and Amec Foster Wheeler shareholders have overwhelmingly approved Wood Group’s recommended all-share offer for Amec Foster Wheeler. The deal remains subject to relevant clearances from competition authorities in certain countries where both companies operate.

It is expected that the transaction will complete in Q4.

The combined Group will be led by Robin Watson as CEO and David Kemp as CFO. Ian Marchant will continue as chair. On completion, certain members of the Amec Foster Wheeler Board will join the Board of the combined Group: Roy Franklin will join as Deputy Chair and Senior Independent Director, and Ian McHoul and Linda Adamany will be appointed as non-executive directors.