John Wood Group, the troubled Aberdeen-based engineering and consulting giant, said on Friday it completed the sale of its 50% interest in RWG (Repair & Overhauls) Limited to Siemens Energy Global GmbH & Co. KG for $151 million in cash.

Wood also announced on December 10, 2025, it agreed to sell its United Kingdom Transmission & Distribution engineering business to UI Telecoms & Power Holdco Limited for £57.5 million (the UK T&D Transaction). Wood announced completion of the UK T&D Transaction on December 30.

On November 17, Wood shareholders finally approved a cut-price takeover of Wood by Dubai-based Sidara, one of the world’s largest privately-owned architecture, engineering and consulting groups.

The deal was conditional upon some “outstanding exceptional conditions.”

Wood Group, one of Scotland’s biggest companies, employs more than 35,000 people in 60 countries.

The Aberdeen firm said 89% of votes were cast in favour of Sidara’s 30p-a-share in cash offer, which valued the Aberdeen company at roughly £207 million.

Wood Group was valued at around £5.3 billion in 2018, before the group became engulfed in protracted problems.

In 2024, Wood had rejected a cash takeover proposal from Sidara worth about £1.4 billion or £2.05 per share.