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US: Wood completes sale of North America T&D to Qualus


02 Nov 2025

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Further to the Company's announcements on 29 August 2025 and 30 October 2025, the board of Wood has today completed the sale of its North American Transmission & Distribution engineering business ('North America T&D') to Qualus and 2737813 ALBERTA (together, Qualus), as described in the announcement on 29 August 2025, for an enterprise value of $110 million and cash proceeds of approximately $105 million net of transaction costs.

For the purposes of UK Listing Rule 7.3.3, Wood confirms that there has been no material change affecting any matter contained in the Company's announcements on 29 August 2025 or 30 October 2025.

Original announcement link

Source: Wood





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