Wood Group’s takeover of Amec Foster Wheeler get shareholder backing

Wood Group's takeover of Amec Foster Wheeler get shareholder backingImage courtesy of Wood Group

Wood Group’s recommended all-share offer for Amec Foster Wheeler has received the support of shareholders of both companies. 

The deal is expected to be completed in the fourth quarter of 2017, once all relevant clearances are received from competition authorities in certain countries where both countries operate.

Speaking of the takeover, Robin Watson, Wood Group’s CEO, said the move would create a giant in “project, engineering and technical services delivery across a broad range of industrial markets, predominantly focused on oil & gas.”

The combined group will be led by Robin Watson as chief executive and David Kemp as chief financial officer. Ian Marchant will continue as chair, Wood Group said.

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.

Share this article

Follow LNG World News


<< Oct 2017 >>
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

LNG Pricing, Trading & Risk Management – 3-Day Course

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools…

read more >


The only 3 day course offering theoretical and practical training on LNG bunkering for the Mediterranean market, the syllabus is accredited…

read more >

EAGC 2017

EAGC 2017 sees a new format that combines the conference programme with targeted networking…

read more >