Sidara to acquire John Wood Group for £216m.

Sidara, an engineering and design consultancy firm, agreed to acquire John Wood Group, a UK-based engineering and consulting company specializing in energy and materials services, for £216m. “This is a transformational moment for our company. Through this move, Wood becomes part of Sidara, creating a global, world-class, privately held engineering and design group. In the short term, our additional financial support will bring greater stability, but our vision is for Wood to take the lead in energy and materials. We have always admired what Wood has built – its talented people, global clients, and technical capabilities. This transaction allows us to strengthen client relationships, expand into new markets, and serve a broader range of global clients. We look forward to realising Wood’s full potential within Sidara,” Talal Shair, Sidara Chair and CEO. On August 29, John Wood conditionally accepts Sidara's takeover bid.