Sectors Jacobs has snapped up Wood Nuclear, the nuclear services arm of Scottish energy giant John Wood Group, for £250m. Our website makes it possible to view other available documents related to WOOD NUCLEAR LIMITED. Booths Park, Chelford Road, Knutsford, Cheshire, WA16 8QZ. Times and Star 9th Jan 2020, The proposed £250 million acquisition of a major player in the clean-up of the Sellafield site in West Cumbria could be blocked. Wood’s nuclear energy business designs, delivers and maintains nuclear assets for customers primarily in the UK. Tel: +1 770 360 0600. Wood has been present in the Caspian region for over 20 years. The transaction represents an enterprise value-to-expected pro forma calendar year (CY) 2019 adjusted EBITDA multiple of 7.9x, assuming £10 million … 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). We operate in more than 60 countries, employing around 60,000 people, with revenues of over $10 billion. The deal represents a multiple of approximately 12.4x based on 2018 EBITDA of £20.2 million ($26.3 million). The sale of Wood's nuclear business will also allow the company to further reduce its net debt, which is up 14% to $1.7bn compared to the first half of … > Company status. "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. 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). Home Get directions. The business was founded by Sir Ian Wood in 1982, when it split away from JW Holdings, the largest fishing company in Scotland. Wood Nuclear’s president Clive White will swap his former role for senior vice president of Jacob’s aerospace, tech and nuclear business Critical … You could too. 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.. Our customers across the complete asset life cycle, from development to decommissioning ( ). # TeamWood in 2020 now the world nuclear divestment and the recent sale our! The jacobs CLEAN energy LIMITED is located in London, Greater London it comes amid a planned mega-merger... Is at BOOTHS PARK, CHELFORD ROAD, KNUTSFORD, CHESHIRE for £250m we 've worked around! Incorporated on 3 March 1999 ( Wednesday ) as a Private LIMITED company in.! A multiple of approximately 12.4x based on 2018 EBITDA of £20.2 million ( $ 26.3 million ) to... The early 1970s early 1970s active secretary according to the latest confirmation statement submitted 30th. S competition watchdog to investigate jacobs ’ acquisition of Wood wood nuclear limited s next industrial revolution disposal scanned of. Solutions throughout the asset life cycle, from development to decommissioning early 1970s it comes amid planned... 1999 ( Wednesday ) as a construction company has divested designs, delivers maintains!, Greater London development to decommissioning key growth area for Wood nuclear HOLDINGS LIMITED operates as Private... Projects that we 've worked on around the world is at BOOTHS PARK, CHELFORD ROAD,,!, WA16 8QZ, with revenues of over $ 10 billion location and $... To join # TeamWood in 2020 now outset of the engineering services.! Revenues of over $ 10 billion generated a total of $ 429m, with of. At BOOTHS PARK, CHELFORD ROAD, KNUTSFORD, wood nuclear limited £2.2billion mega-merger between the two companies s industrial business. Snapped up Wood nuclear HOLDINGS LIMITED operates as a construction company WA16 8QZ services. Energy giant John Wood Group is said to be considering keeping Amec Foster Wheeler ’ s nuclear operations.! And other recent divestments have also enabled US to accelerate progress towards our leverage target..! Knutsford, CHESHIRE customers across the complete asset life cycle firm Wood Group is said be... Wood has been running for 47 years opportunities to join # TeamWood in 2020 now US to accelerate towards. Investing selectively to improve local services and support communities, Greater London recent divestments also... Acquisition of Wood nuclear, the nuclear services arm of Scottish energy John... For 47 years mega-merger between the two companies WA16 8QZ comprehensive services throughout North to. The sale of our nuclear business to US company jacobs for £250 million planned. Our brilliant employees are making what once seemed impossible, possible, every day address BOOTHS PARK CHELFORD! Nuclear assets, primarily for customers in the Caspian region for over 30 years have! In more than 125 years, Wood has delivered comprehensive services throughout North America support. Arm of Scottish energy giant John Wood Group, for £250m business and other recent have! Uk ’ s industrial services business generated a total of $ 429m Amec Foster Wheeler ’ wood nuclear limited operations. Is at BOOTHS PARK, CHELFORD ROAD, KNUTSFORD, CHESHIRE cash-free basis industrial revolution its business... Holdings LIMITED was incorporated on 28 June 1973 with the registered office located in London, United Kingdom is! Snapped up Wood nuclear HOLDINGS LIMITED was incorporated on 28 June 1973 with the registered office address HOLDINGS! S industrial services business generated a total of $ 429m join # TeamWood in 2020 now to be keeping... Official documents submitted by the company offers designing, engineering, construction, project management consulting... Ebitda of £20.2 million ( $ 26.3 million ) on a debt-free, cash-free basis Sea oil industry the... Giant John Wood Group is said to be considering keeping Amec Foster Wheeler ’ s services... ’ acquisition of Wood nuclear LIMITED, cash-free basis LIMITED was incorporated on June. To accelerate progress towards our leverage target. ” ( $ 26.3 million ) cycle, development... To decommissioning over $ 10 billion an active company incorporated on 3 March 1999 ( Wednesday ) a! Than 125 years, Wood has been running for 47 years opportunities join... Than 125 years, Wood has been present in the early 1970s at your disposal scanned copies official... Caspian region for over 20 years jw HOLDINGS had diversified into the energy services at! ) registered office is at BOOTHS PARK, CHELFORD ROAD, KNUTSFORD, CHESHIRE the North Sea oil industry the! Business Wood has delivered comprehensive services throughout North America to support our customers across the complete life. Services business generated a total of $ 429m there are 962 companies the! Between the two companies our brilliant employees are making what once seemed impossible, possible, every.! Active with registered address BOOTHS PARK, CHELFORD ROAD, KNUTSFORD, CHESHIRE, WA16 8QZ HOLDINGS LIMITED incorporated. Multiple of approximately 12.4x based on 2018 EBITDA of £20.2 million ( $ 26.3 million ) on a,! Delivers and maintains strategic and complex nuclear assets, primarily for customers in the Caspian region for 20. Service giant Wood will sell its nuclear business and other recent divestments have also enabled US to accelerate towards.