TC Energy completed the acquisition of a stake in TransCanada Turbines from John Wood Group for $67m.

TC Energy, a major North American energy company, completed the acquisition of a stake in TransCanada Turbines, an industrial gas turbines maintenance company, from John Wood Group, which operates an oil and gas pipeline network in western Canada, for $67m. "Our focus on portfolio optimisation is driven by our strategic objective of building a premium, differentiated, higher margin business focused on energy and built environment markets. The sale of our interest in TransCanada Turbines will also make a positive contribution towards achieving our leverage target." David Kemp, John Wood Chief Financial Officer.