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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]
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.
We are the world's engineers, the company that makes the world a better place, the company that delivers the change the world needs most, and the company that doesn’t just talk sustainability but makes it real for our clients and ourselves – because our ideas, our expertise, and our ability to scale solutions enables us to transform the world.
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.
