ABERDEEN-headquartered Wood has announced that it has reached an agreement for the sale of its United Kingdom Transmission & Distribution engineering business (UK T&D) for £57.5 million to UI Telecoms & Power Holdco Limited.
UK T&D is a provider of engineering, procurement, construction, and installation services in respect of overhead line and under ground cable projects within the UK. United Infrastructure delivers critical infrastructure in the UK, operating across the water, energy, power, telecommunications and social infrastructure sectors.
Iain Torrens, CEO of Wood, commented, “The divestment of UK T&D to United Infrastructure represents another important step in simplifying Wood’s portfolio and sharpening our strategic focus. This transaction advances our disposal programme beyond original expectations and takes total proceeds agreed this year to approximately $345 million.
“With shared clients and aligned values, United Infrastructure is a strong strategic fit and will ensure the continued success of UK T&D and its talented people.”
Neil Armstrong, chairman and CEO of United Infrastructure, added, “The acquisition of Wood’s UK Transmission and Distribution business marks a significant milestone for United Infrastructure. It strengthens our expertise across the entire power value chain and reinforces our mission to drive the transition toward a sustainable, resilient energy future.
“This addition brings exceptional technical capabilities, and expanded geographic reach, positioning United Infrastructure to play an even greater role in supporting the UK’s energy transition. It perfectly aligns with our strategy to grow in critical national infrastructure and with our unwavering commitment to delivering excellence for our clients and the communities we serve.”
Wood added that it has continued to evaluate its portfolio of businesses to identify those which are non-core to the company’s strategy and growth priorities. UK T&D was identified as part of this process.
Furthermore, on 14 February 2025, Wood announced that it would target $150 million to $200 million of disposal proceeds in 2025 to help mitigate the impact of negative free cash flow in the year.
The transaction follows three other disposals announced in 2025, bringing the total expected disposal proceeds agreed so far in 2025 to approximately $345 million.
