Following this transaction, Wood Group Industrial Services business will be a wholly owned subsidiary of the KAEFER Group. KAEFER in the UK serves a vast and growing range of industries with asset integrity services, including access solutions, insulation, inspection & testing, protective coatings, asbestos management and more. With its stronghold in protective coating and corrosion management, the Wood’s Industrial Services business complements the current strength of KAEFER’s UK business and will add significant scale in the UK and Ireland.
Wood Group Industrial Services, founded in 1973 under the name Pyeroy, was acquired by John Wood Group in 2013. The company is a leading provider of industrial services for the Marine, Process & Energy, Oil & Gas and infrastructure sectors, with approximately 2,000 highly skilled employees at 16 locations in the UK and Ireland. Landmark projects of Wood Group Industrial Services include the restoration of Tower Bridge in London, as well as the painting, cleaning and insulation work on Queen Elizabeth Class aircraft carriers for the Royal Navy.
KAEFER is a leading family-owned German industrial services provider and was established in 1918. With over 28,000 employees and 2,000 international locations, KAEFER is a market leader for reliable and efficient technical industrial services in Industry, Marine & Offshore and Construction. KAEFER specialises in insulation, access, surface protection, passive fire protection, as well as interior outfitting and generates revenues of over EUR 1.7bn. KAEFER currently has 12 office locations across the UK, employing approximately 1,200 highly skilled and experienced staff.
About John Wood Group PLC
John Wood Group PLC is a leading publicly listed provider of industrial services throughout the asset life cycle across a broad range of industrial markets, including the Oil & Gas, Power & Process, Environment and Infrastructure, Clean Energy, Mining, Nuclear, and general Industrial sectors. The Company is listed on FTSE250 with a market cap of c. EUR 3.1bn and generates revenues of EUR 10bn, with more than 60,000 employees in 60 countries.