{"id":2401,"date":"2025-12-10T17:27:49","date_gmt":"2025-12-10T17:27:49","guid":{"rendered":"https:\/\/microvibenews.com\/?p=2401"},"modified":"2025-12-10T17:27:49","modified_gmt":"2025-12-10T17:27:49","slug":"wood-sells-cables-unit-as-disposals-exceed-target-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=2401","title":{"rendered":"Wood sells cables unit as disposals exceed target \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/UK-transmission-and-pylon-Wood.png\" alt=\"\" class=\"wp-image-187362 lazyload\" style=\"width:838px;height:auto\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"794\" height=\"428\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/UK-transmission-and-pylon-Wood.png\" alt=\"\" class=\"wp-image-187362 lazyload\" style=\"width:838px;height:auto\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/UK-transmission-and-pylon-Wood.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/UK-transmission-and-pylon-Wood-300x162.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/UK-transmission-and-pylon-Wood-768x414.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/UK-transmission-and-pylon-Wood-600x323.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>Transmission line in Scotland (pic: Wood)<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size\">Wood Group has sold its UK Transmission &amp; Distribution engineering business to United Infrastructure in a \u00a357.5 million ($76.5m) cash deal.<\/p>\n<p class=\"has-medium-font-size\">It said the deal is consistent with its disposal programme of non-core businesses and takes the total proceeds to \u00a3259m ($345m) so far in 2025, ahead of its target of \u00a3113m to \u00a3150m ($150m to $200m).<\/p>\n<p class=\"has-medium-font-size\">UK T&amp;D is a provider of engineering, procurement, construction and installation services for overhead line and under ground cable projects.<\/p>\n<p class=\"has-medium-font-size\">United Infrastructure delivers critical infrastructure in the UK, operating across the water, energy, power, telecommunications and social infrastructure sectors.<\/p>\n<p class=\"has-medium-font-size\">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. <\/p>\n<p class=\"has-medium-font-size\">Dubai-based Sidara is expected to complete its \u00a3216m acquisition of Aberdeen-based Wood after the deal was agreed by shareholders in November.<\/p>\n<p class=\"has-medium-font-size\">Wood chief executive Iain Torrens said:  \u201cThe divestment of UK T&amp;D to United Infrastructure represents another important step in simplifying Wood\u2019s portfolio and sharpening our strategic focus. <\/p>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/02\/Iain-Torrens.png\" alt=\"Iain Torrens\" class=\"wp-image-176280 lazyload\" style=\"width:840px;height:auto\"\/><img loading=\"lazy\" decoding=\"async\" width=\"794\" height=\"583\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/02\/Iain-Torrens.png\" alt=\"Iain Torrens\" class=\"wp-image-176280 lazyload\" style=\"width:840px;height:auto\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/02\/Iain-Torrens.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/02\/Iain-Torrens-300x220.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/02\/Iain-Torrens-768x564.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/02\/Iain-Torrens-600x441.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>Iain Torrens: important step<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size\">\u201cThis transaction advances our disposal programme beyond original expectations.<\/p>\n<p class=\"has-medium-font-size\">\u201cWith shared clients and aligned values, United Infrastructure is a strong strategic fit and will ensure the continued success of UK T&amp;D and its talented people.\u201d<\/p>\n<p class=\"has-medium-font-size\">Neil Armstrong, chairman and CEO of United Infrastructure, said: \u201cThe acquisition of Wood\u2019s UK Transmission and Distribution business marks a significant milestone for United Infrastructure. <\/p>\n<p class=\"has-medium-font-size\">\u201cIt strengthens our expertise across the entire power value chain and reinforces our mission to drive the transition toward a sustainable, resilient energy future.<\/p>\n<p class=\"has-medium-font-size\">\u201cThis addition brings exceptional technical capabilities, and expanded geographic reach, positioning United Infrastructure to play an even greater role in supporting the UK\u2019s energy transition.\u201d<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.3) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Wood #sells #cables #unit #disposals #exceed #target #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transmission line in Scotland &hellip; <\/p>\n","protected":false},"author":1,"featured_media":2402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[266,2479,265,2481,2482,136,2483,2475,2476,2480,2478,2477],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/2401"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2401"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/2401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/2402"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}