Wood Group sells North America T&D business to Qualus for $110 million

Published 29/08/2025, 07:24
© Reuters.

Investing.com -- John Wood Group PLC (LON:WG) has sold its North America Transmission and Distribution (T&D) business to Qualus for $110 million, the company announced Friday.

The engineering and consulting firm said the proceeds from the sale will be used to reduce its net debt and will also be retained for general corporate purposes.

The transaction marks another strategic move for Wood Group as it continues to manage its portfolio and financial position.

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