US-based professional services firm Jacobs has acquired Wood Nuclear for $325m from Scottish energy company John Wood Group (JWG).

Jacobs said that the acquisition will enhance the company as a global leader in total lifecycle nuclear services and technology-enabled solutions, supporting clients in the defence and clean energy sectors.

Jacobs chair and CEO Steve Demetriou said: “Bringing together Wood Nuclear within Jacobs’ critical mission solutions business provides a powerful platform to support clients’ complex programs, respond to unprecedented changes in the many sectors and geographies where we work and help accelerate commitments to a more sustainable future.

“With our shared values, technical heritage and global reach, we are combining complementary capabilities to deliver high value, differentiated nuclear and defence solutions for our clients and greater opportunities for our people across our diverse portfolio.”

Jacobs added that following the purchase there will be changes at a management level, including a joint Jacobs-Woods Nuclear Integration Management Office (IMO), formed to oversee the two companies’ integration process.

The deal was finalised in August last year, with Jacobs citing Wood Nuclear’s ownership of the UK’s largest independent facility in the north-west of England as one of the main reason for the acquisition.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

JWG’s share prices have hit to £2.32 today, the lowest in a month while Jacobs’s have dropped to $84, from a peak of $94, registered on Friday.