M&A Deal Summary

John Wood Group Acquires Production Services Network Emirates

On April 20, 2011, John Wood Group acquired energy services and equipment company Production Services Network Emirates from Caird Capital for 955M USD

Acquisition Highlights
  • This is John Wood Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is John Wood Group’s largest (disclosed) transaction.
  • This is John Wood Group’s 1st transaction in United Arab Emirates.

M&A Deal Summary

Date 2011-04-20
Target Production Services Network Emirates
Sector Energy Services and Equipment
Buyer(s) John Wood Group
Sellers(s) Caird Capital
Deal Type Add-on Acquisition
Deal Value 955M USD

Target

Production Services Network Emirates

Abu Dhabi, United Arab Emirates
website
PSN operates in the global Oil & Gas Services sector with a wide-ranging service provision scope covering project management, engineering, construction, hook up, commissioning, facilities and production management, operations and maintenance.

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Buyer(S) 1

Buyer

John Wood Group

Aberdeen, United Kingdom

website


Category Company
Founded 1912
Sector Energy Services and Equipment
Employees38,100
Revenue 7.6B USD (2020)
DESCRIPTION

John Wood Group is a provider of engineering, production support, maintenance management and industrial gas turbine overhaul & repair services to the oil & gas and power generation industries worldwide. Our services are all-encompassing, supporting the full lifecycle of oil & gas and power generation facilities. John Wood Group was founded in 1912 and is based in Aberdeen, the United Kingdom.


DEAL STATS #
Overall 1 of 19
Sector (Energy Services and Equipment) 1 of 3
Type (Add-on Acquisition) 1 of 18
Country (United Arab Emirates) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-14 Well Support Division - John Wood Group

United Kingdom

Wood Group's Well Support division is comprised of three business platforms: ESP (electric submersible pumps), Pressure Control (surface wellhead and flow control systems) and Logging Services (wireline logging).

Sell $2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-03 Duval

Houston, Texas, United States

Duval is a provider of maintenance, installation and fabrication services.

Buy -

Seller(S) 1

DESCRIPTION

Caird Capital LLP is a private equity firm focused on acquiring and investing in UK-based middle-market companies. Caird does not have any sector preferences. Caird Capital is based in London.


DEAL STATS #
Overall 2 of 19
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 6
Country (United Arab Emirates) 1 of 1
Year (2011) 1 of 4
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-08 Vue

London, United Kingdom

VUE is an international cinema operator with more than 2,400 screens located at over 285 sites across 10 European countries. Vue was founded in 1998 and is based in London, United Kingdom.

Sell £450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Integrated Subsea Services

Aberdeen, United Kingdom

Integrated Subsea Services Ltd. (ISS) is an independent diving and remote operated vehicle (ROV) company providing the international oil and gas industry with a complete underwater contracting service. ISS provides both air and saturation diving services to all stages of the oil field lifecycle, from field development to the maintenance of existing infrastructure through to end of life decommissioning. ISS also owns and operates a modern fleet of ROVs capable of providing advanced inspection services and drill support services on a worldwide basis.

Sell -