Recent from talks
John Wood Group
Knowledge base stats:
Talk channels stats:
Members stats:
John Wood Group
John Wood Group plc, commonly known as Wood, is a British multinational engineering and consulting business with headquarters in Aberdeen, Scotland. It is listed on the London Stock Exchange. As of February 2025, the group employs 35,000 people globally.
The business was founded in 1982 by Ian Wood, when it split away from JW Holdings, the largest fishing company in Scotland. Ian played a pivotal role in the management and direction of the company, being its chief executive officer (CEO) through to 2006 as well as its chairman through to 2012. From the 1980s through to the end of the 2000s, the Wood family held (via a series of charities and trusts) a sizable stake in the business, at one point as high as 40 percent of all available shares, giving them considerable sway over decision-making.
From the onset of its operations, the company benefited greatly from a decision made by JW Holdings to diversify into the energy services business at the outset of the North Sea oil industry in the early 1970s.
In September 2000, John Wood Group acquired the Texas-based oil rig business Mustang Engineering Inc. for $137.5 million. Prior to the purchase, the business employed 6,000 staff worldwide while the purchase Mustang Engineering Inc, which was renamed Wood Group Mustang, added another 1,200 employees. Post-purchase, the entity has continued to operate as a subsidiary of John Wood Group.
During 2002, following several years of speculation that the company would do so, John Wood Group was listed on the London Stock Exchange.
In 2011, the company sold off its well support division to General Electric (GE) in exchange for $2.8 billion (£1.73 billion); it also conducted unsuccessful negotiations with GE over prospective co-operation on its gas turbine business as well. That same year, the Wood family reduced their 11 percent stake in John Wood Group to 1 percent in exchange for £366 million.
During 2012, John Wood Group started providing environmental consultancy work to relation to Heathrow Airport's proposed expansion. The company has also been involved in other transport infrastructure schemes, such as the potential reopening of the Watford and Rickmansworth Railway.
In 2016, John Wood Group expanded its footprint in the North Sea oil sector through the purchase of the Aberdeen-based business Enterprise Engineering shortly after it had entered administration.
Hub AI
John Wood Group AI simulator
(@John Wood Group_simulator)
John Wood Group
John Wood Group plc, commonly known as Wood, is a British multinational engineering and consulting business with headquarters in Aberdeen, Scotland. It is listed on the London Stock Exchange. As of February 2025, the group employs 35,000 people globally.
The business was founded in 1982 by Ian Wood, when it split away from JW Holdings, the largest fishing company in Scotland. Ian played a pivotal role in the management and direction of the company, being its chief executive officer (CEO) through to 2006 as well as its chairman through to 2012. From the 1980s through to the end of the 2000s, the Wood family held (via a series of charities and trusts) a sizable stake in the business, at one point as high as 40 percent of all available shares, giving them considerable sway over decision-making.
From the onset of its operations, the company benefited greatly from a decision made by JW Holdings to diversify into the energy services business at the outset of the North Sea oil industry in the early 1970s.
In September 2000, John Wood Group acquired the Texas-based oil rig business Mustang Engineering Inc. for $137.5 million. Prior to the purchase, the business employed 6,000 staff worldwide while the purchase Mustang Engineering Inc, which was renamed Wood Group Mustang, added another 1,200 employees. Post-purchase, the entity has continued to operate as a subsidiary of John Wood Group.
During 2002, following several years of speculation that the company would do so, John Wood Group was listed on the London Stock Exchange.
In 2011, the company sold off its well support division to General Electric (GE) in exchange for $2.8 billion (£1.73 billion); it also conducted unsuccessful negotiations with GE over prospective co-operation on its gas turbine business as well. That same year, the Wood family reduced their 11 percent stake in John Wood Group to 1 percent in exchange for £366 million.
During 2012, John Wood Group started providing environmental consultancy work to relation to Heathrow Airport's proposed expansion. The company has also been involved in other transport infrastructure schemes, such as the potential reopening of the Watford and Rickmansworth Railway.
In 2016, John Wood Group expanded its footprint in the North Sea oil sector through the purchase of the Aberdeen-based business Enterprise Engineering shortly after it had entered administration.