Wood sells joint venture stake to Siemens Energy for $135 million

Wood's disposal of turbine maintenance provider comes as troubled contractor seeks to generate up to $200 million from disposals this year

Wood Group chief executive Ken Gilmartin.
Wood Group chief executive Ken Gilmartin.Photo: WOOD GROUP
Published 25 July 2025, 10:07Updated 25 July 2025, 10:07
Wood GroupSiemens EnergyUnited KingdomSidaraKen Gilmartin