Norton Rose Fulbright advises KAEFER on acquisition of John Wood Group industrial services business
Global | Press release - Business | February 2020
Global law firm Norton Rose Fulbright has advised global technical industrial services provider, KAEFER Group, on its acquisition of the UK and Ireland industrial services business of John Wood Group PLC. The deal was agreed for US$104 million (£80 million) with a further payment of up to US$14 million (£10.5 million) pending achievement of agreed financial goals.
The business will become a wholly owned subsidiary of the KAEFER Group. It is planned to merge Wood’s industrial services business with KAEFER’s UK subsidiary in order to provide clients with additional capabilities, know-how and project management capabilities. The business provides high-end services for industrial operations to the marine, oil & gas, process & energy and infrastructure sectors on assets ranging from aircraft carriers to oil rigs.
The Norton Rose Fulbright team was led by London partner Claire O’Donnell. The multi-disciplinary team included London partners Michael Alliston (tax), Wasim Khan (real estate), Catrina Smith (employment) and Hamburg partner Heiko Bertelmann (corporate) with assistance from associates Matthew Eccles, Gillian Jaravaza, and Tayo David.
Norton Rose Fulbright is well positioned to provide strategic, business-oriented legal advice on complex domestic, cross-border and multijurisdictional M&A transactions in both emerging and developed markets. The firm’s lawyers are positioned in the world’s leading business and financial markets, enabling it to handle and fully coordinate transactions across key industry sectors.
For further information please contact:
Louise Nelson, Head of PR – Europe, Middle East and Asia
Tel: +44 20 7444 5086; Cell: +44 79 0968 4893