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Amec Foster Wheeler plc was a British multinational consultancy, engineering and project management company headquartered in London, United Kingdom. In October 2017, it was acquired by Wood Group. [1] [2]
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Wood Group is pleased to announce that it has completed the acquisition of Amec Foster Wheeler. Wood Group’s new ordinary shares will be admitted to the premium segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange with effect from 8.00 a.m. (London time) today, 9 October 2017.
Management team for four business units confirmed. Amec Foster Wheeler plc today announces the creation of a new force in global engineering, project delivery, asset support, power equipment and consultancy following the completion of the £5bn combination of AMEC plc and Foster Wheeler AG.
Amec Foster Wheeler is a global provider of project, engineering and technical services to energy and industrial markets. It is now part of Wood Group, a new company formed by the merger of the two firms.
Foster Wheeler was acquired by AMEC plc in the second half of 2014 to form Amec Foster Wheeler. The acquisition coincided with a downturn in the price of crude oil which depressed the market for services to the energy industry and left the merged company with substantial debt.
Oct 9, 2017 · Wood Group and Amec Foster Wheeler have finally tied the knot. The two sides announced the completion of their merger deal on Monday after Amec offloaded the majority of its upstream oil and gas...
