Jacobs to Acquire Wood's Nuclear Business
August 20, 2019
London – Paul Hastings LLP, a leading global law firm, announced today that it is advising Jacobs Engineering Group on its acquisition of Wood Group’s Nuclear business in the UK, Europe, and the Far East for £250 million. The transaction is subject to certain conditions, including merger control clearance from the UK’s Competition and Markets Authority. More details of the transaction can be found here.
Jacobs is one of the world’s largest and most diverse providers of highly technical services, with a listing on the NYSE, and the transaction directly aligns with its Aerospace, Technology and Nuclear strategy of selectively using M&A to expand in highly profitable and complementary sectors. Wood, advised on the transaction by Slaughter and May, is a global leader in the delivery of project, engineering and technical services in energy, industry, and the built environment.
The Paul Hastings team included the firm’s managing partner Ronan O’Sullivan, London M&A partner Matthew Poxon, and Senior M&A associate Sam Waite. The team also included London corporate associate Hannah Lee, Paris antitrust partner Pierre Kirch, Washington D.C. partners Charles Patrizia and Scott Flicker and counsel Jennifer Riddle, London tax partner Arun Birla and associate Jiten Tank, London employment partner Suzanne Horne and associate Kirsty Devine, and London privacy and cybersecurity partner Sarah Pearce and associate Ashley Webber.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.