Wood Group has sold its UK Transmission & Distribution engineering business to United Infrastructure in a £57.5 million ($76.5m) cash deal.
It said the deal is consistent with its disposal programme of non-core businesses and takes the total proceeds to £259m ($345m) so far in 2025, ahead of its target of £113m to £150m ($150m to $200m).
UK T&D is a provider of engineering, procurement, construction and installation services for overhead line and under ground cable projects.
United Infrastructure delivers critical infrastructure in the UK, operating across the water, energy, power, telecommunications and social infrastructure sectors.
The transaction is due to complete on 31 December and Wood will use the proceeds to reduce net debt and retained for general corporate purposes.
Dubai-based Sidara is expected to complete its £216m acquisition of Aberdeen-based Wood after the deal was agreed by shareholders in November.
Wood chief executive Iain Torrens said: “The divestment of UK T&D to United Infrastructure represents another important step in simplifying Wood’s portfolio and sharpening our strategic focus.
“This transaction advances our disposal programme beyond original expectations.
“With shared clients and aligned values, United Infrastructure is a strong strategic fit and will ensure the continued success of UK T&D and its talented people.”
Neil Armstrong, chairman and CEO of United Infrastructure, said: “The acquisition of Wood’s UK Transmission and Distribution business marks a significant milestone for United Infrastructure.
“It strengthens our expertise across the entire power value chain and reinforces our mission to drive the transition toward a sustainable, resilient energy future.
“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.”
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