Qualus to acquire North America T&D from John Wood Group for $110m.

Qualus, a power solutions firm and innovator at the forefront of power infrastructure transformation, agreed to acquire North America T&D, a provider of comprehensive engineering expertise in power infrastructure, from John Wood Group, an independent services provider for the oil & gas and power generation markets, for $110m. "We are pleased to announce continued progress of our non-core business disposal programme with the sale of North America T&D to Qualus, following a highly competitive sale process. This sale, along with the sale of Kelchner and the agreement to divest our interest in RWG, has led to approximately $275m of disposal proceeds agreed so far this year. We are now on track to exceed our previously announced target for disposal proceeds as we continue to simplify our portfolio," Ken Gilmartin, Wood CEO.