Wood Group (John) PLC Wood closes sale of Terra Nova Technologies (9469X)
03 Maggio 2019 - 8:00AM
UK Regulatory
TIDMWG.
RNS Number : 9469X
Wood Group (John) PLC
03 May 2019
3(rd) May 2019
Wood closes sale of Terra Nova Technologies
Wood today confirms it has completed the sale of conveyor
systems business Terra Nova Technologies (TNT), as originally
announced on 25 March. Following a strategic review of its
portfolio, Wood identified potential asset disposals which are
expected to generate proceeds in the range of c$200m-c$300m. This
transaction makes a good contribution to the asset disposal
programme.
The TNT business was sold to Cementation Americas, a firm owned
by Murray & Roberts Holdings Ltd, for $38m, representing a
multiple of 5.2x 2018 EBITA of $7.3m.
-Ends-
Note to Editors:
Wood is a global leader in the delivery of project, engineering
and technical services in energy, industry, and the built
environment. We operate in more than 60 countries, employing around
60,000 people, with revenues of around $11 billion. We provide
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.
www.woodplc.com
For further information contact: press.office@woodplc.com
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END
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