The Middle East is a key growth area for Wood. Wood is a global leader in the delivery of project management, engineering, consulting and technical services to energy and built environment customers. The deal represents a multiple of approximately 12.4x based on 2018 EBITDA of £20.2 million ($26.3 million). The sale of our nuclear business and other recent divestments have also enabled us to accelerate progress towards our leverage target.”. > David Kemp, Wood’s Chief Financial Officer, said: “Future portfolio optimisation will continue to be driven by our strategic objective of building a premium, differentiated, higher margin business focused on energy and built environment end markets. Wood Nuclear’s president Clive White will swap his former role for senior vice president of Jacob’s aerospace, tech and nuclear business Critical … These moves form part of Wood’s ongoing portfolio optimisation focus and will also enable the company to reduce debt and accelerate progress towards its target leverage policy. WOOD NUCLEAR HOLDINGS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity Its nuclear business was focused on decommissioning work at the Sellafield site in Cumbria. Wood Nuclear Holdings Limited operates as a construction company. Our website makes it possible to view other available documents related to WOOD NUCLEAR LIMITED. WOOD NUCLEAR HOLDINGS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity 1105 Lakewood Parkway, Suite 300, Alpharetta Atlanta, GA 30009 Georgia United States. The transaction represents an enterprise value-to-expected pro forma calendar year (CY) 2019 adjusted EBITDA multiple of 7.9x, assuming £10 million … Company status. Get directions. Jacobs Clean Energy Limited is an active company incorporated on 28 June 1973 with the registered office located in London, Greater London. British energy services company John Wood Group has announced it is selling its nuclear business to US consultant Jacobs in a deal worth £250 million.. The nuclear business Wood has divested designs, delivers and maintains strategic and complex nuclear assets, primarily for customers in the UK. "Bringing together Wood Nuclear within Jacobs' Critical Mission Solutions business provides a powerful platform to support clients' complex programs, respond to unprecedented changes in the many sectors and geographies where we work and help accelerate commitments to a more sustainable future," said Jacobs Chair and CEO Steve Demetriou. The deal is subject to approval by … WOOD NUCLEAR HOLDINGS LIMITED was incorporated on 3 March 1999 (Wednesday) as a Private Limited Company in UK. Wood provides performance-driven solutions throughout the asset life cycle, from concept to decommissioning across a broad range of industrial markets, including the upstream, midstream and downstream oil & gas, power & process, environment and infrastructure, clean energy, mining, nuclear, and general industrial sectors. wood nuclear limited 03 sep 2018 - 17 mar 2020 amec foster wheeler nuclear uk limited 12 dec 2014 - 03 sep 2018 amec nuclear uk limited 03 sep 2007 - 12 dec 2014 amec nnc limited 08 aug 2005 - … Sectors The business was founded by Sir Ian Wood in 1982, when it split away from JW Holdings, the largest fishing company in Scotland. JACOBS CLEAN ENERGY LIMITED has 1106 employees at this location and generates $211.05 million in sales (USD). John Wood Group PLC announced today the sale of its nuclear business to a subsidiary of Jacobs for a cash consideration of £250 million (around $305 million) representing a multiple of approximately 12.4x based on 2018 EBITDA of £20.2 million ($26.3 million). The Middle East is a key growth area for Wood. Home Wood provides performance-driven solutions throughout the asset life cycle, from concept to decommissioning across a broad range of industrial markets, including the upstream, midstream and downstream oil & gas, power & process, environment and infrastructure, renewables, mining and general industrial sectors. WOOD NUCLEAR LIMITED (the "Company") is a Private Limited Company, incorporated on 28 June 1973 (Thursday) in UK. Private limited Company. British Nuclear Fuels Limited (BNFL) was a nuclear energy and fuels company owned by the UK Government.It was a manufacturer of nuclear fuel (notably MOX), ran reactors, generated and sold electricity, reprocessed and managed spent fuel (mainly at Sellafield), and decommissioned nuclear plants and other similar facilities.. Backed by an 85+ year history of operating within the Asia Pacific region, Wood is proud of its longstanding partnerships, underpinned by our proven ability to optimise asset performance, drive capital efficiency and deliver for our customers. The deal represents a multiple of approximately 12.4x based on 2018 EBITDA of £20.2 million ($26.3 million). Nuclear. WOOD NUCLEAR HOLDINGS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity Jacobs has snapped up Wood Nuclear, the nuclear services arm of Scottish energy giant John Wood Group, for £250m. for WOOD NUCLEAR HOLDINGS LIMITED (03725076) Registered office address. Wood’s environment and infrastructure consultancy will continue to deliver environmental, regulatory and permitting support, including large-scale remediation of radiological constituents in various markets including North America. We combine our strong knowledge of the area, global expertise across the entire asset life cycle and experience required to operate successfully in the harsh and complex environment of the world’s largest land-locked body of water. Company type. Wood has been present in the Caspian region for over 20 years. $300 million) on a debt-free, cash-free basis. View a selection of projects that we've worked on around the world. Wood Nuclear Holdings … Adding 2,000 staff to its workforce, the purchase brings Jacobs’ UK employee base to nearly 11,000 with plans to recruit up to 400 extra skilled staff. Wood is strategically located throughout Latin America and the Caribbean in a variety of sectors including oil and gas, refining, chemicals, water, mining, energy, industrial plants and facilities and communications. We operate in more than 60 countries, employing around 60,000 people, with revenues of over $10 billion. For more than 125 years, Wood has delivered comprehensive services throughout North America to support our customers across the complete asset life cycle. Power We combine our strong knowledge of the area, global expertise across the entire asset life cycle and experience required to operate successfully in the harsh and complex environment of the world’s largest land-locked body of water. For over 30 years we have been investing selectively to improve local services and support communities. Wood provides performance-driven solutions throughout the asset life cycle, from concept to decommissioning across a broad range of industrial markets, including the upstream, midstream and downstream oil & gas, power & process, environment and infrastructure, clean energy, mining, nuclear, and general industrial sectors. Tel: +1 770 360 0600. Oil services firm Wood Group is said to be considering keeping Amec Foster Wheeler’s nuclear operations unit. We are known in Europe for our unrivalled asset familiarity and performance-driven solutions throughout the asset life cycle, from development to decommissioning. John Wood Group PLC, the global engineering and consulting company, announces today that it has closed the sale of its nuclear business to Jacobs for a cash consideration of £250 million (around $325 million). Our footprint in Africa continues to expand. > Nuclear. Transition to green: the UK’s next industrial revolution. WOOD NUCLEAR HOLDINGS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity Wood has been present in the Caspian region for over 20 years. For over 30 years we have been investing selectively to improve local services and support communities. You have at your disposal scanned copies of official documents submitted by the company at Companies House. © John Wood Group PLC 2020 Registered in Scotland No: SC36219 Registered office: 15 Justice Mill Lane Aberdeen, AB11 6EQ Scotland, UK, Environmental studies, permitting and compliance, Engineering, design and project management, Mineral resources and project assessments, Subsea, umbilical, riser and flowline (SURF), Planning clean, sustainable solutions for drinking water impacted by PFAS, Protecting public health through innovative groundwater treatment, Future workplace: rethinking industrial hygiene to keep employees safe, Future workplace: meet the heroes of industrial hygiene, Water innovation: intelligent asset management for our future, Water innovation: one week to drive down carbon, Mining towards 2050: minerals and metals for a sustainable world, Mining towards 2050: current market outlook, Future mobility: exploring the new normal, Future mobility: the changing demands of public transport, Webinar-Effective-process-training-Efficient-operations_Wood-webinar-page-350x350a.jpg. Energy service giant Wood will sell its nuclear business to US company Jacobs for £250 million. The Company offers designing, engineering, construction, project management and consulting. JACOBS CLEAN ENERGY LIMITED is located in LONDON, United Kingdom and is part of the Engineering Services Industry. History. Wood’s nuclear energy business designs, delivers and maintains nuclear assets for customers primarily in the UK. John Wood Group PLC, the global engineering and consulting company, announces today that it has closed the sale of its nuclear business to Jacobs for a cash consideration of £250 million (around $325 million). Jacobs Clean Energy Limited has been running for 47 years. Agreement on the deal was reached in August 2019, with closing conditional upon merger clearance from the Competition and Markets Authority (“CMA”) which was received on 4 March 2020. 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