British multinational engineering and consulting business John Wood Group plc has agreed to sell its UK Transmission & Distribution (T&D) engineering business to United Infrastructure in a deal worth £57.5 million.
In the year ending December 31 2024, the UK T&D business contributed $65.2 million (approx. £48.7m) in revenue and $2.4 million (approx. £1.8m) in adjusted EBITDA to John Wood’s financial results.
UK T&D provides engineering, procurement, construction and installation services for UK overhead line and underground cable projects. The sale of the unit comes as part of John Wood Group’s previously announced program of offsetting non-core businesses.
Iain Torrens, CEO of Wood, described the sale as representing “another important step in simplifying Wood’s portfolio and sharpening our strategic focus”, adding that it “advances our disposal programme beyond original expectations.”
For United Infrastructure, the acquisition represents its third major deal in the power sector so far this year, following the acquisition and successful integration of Jones and Glenelly Infrastructure Services. United Infrastructure provides critical infrastructure services across the UK’s water, energy, power, social infrastructure and telecommunications sectors.
CEO and chairman Neil Armstrong said that deal strengthens United Infrastructure’s “expertise across the entire power value chain and reinforces our mission to drive the transition toward a sustainable, resilient energy future.”
He continued: “This addition brings exceptional technical capabilities, and expanded geographic reach, positioning United Infrastructure to play an even greater role in supporting the UK’s energy transition. It perfectly aligns with our strategy to grow in critical national infrastructure and with our unwavering commitment to delivering excellence for our clients and the communities we serve.”
Following the announcement of the T&D sale, John Wood Group has generated around $345 million (approx. £257.9m) in total expected disposal proceeds agreed so far this year, comfortably exceeding its previously announced target of $150 million to $200 million for the year.
Proceeds from the sale will be used to reduce the group’s net debt and for general corporate purposes, while the disposal also releases the group from the obligation to provide £11.4 million in advance payment bonds, which is currently required by UK T&D.
The deal, which is subject to customary closing conditions, is expected to close on December 31 2025.
“When you share your news through OGV, you’re not just getting coverage – you’re getting endorsed by the energy sector’s most trusted voice.”
