Newsfacts:
- Decision to retain European nuclear business
- North American nuclear operations disposal to continue
On 2 March 2017, Amec Foster Wheeler announced it had launched a competitive process to sell its nuclear business. This process created a high level of interest and yielded a number of attractive bids.
In consultation with the board of John Wood Group, the Board of Amec Foster Wheeler has decided to retain the European nuclear business, and to proceed only with the disposal of the North American business. Completion of this disposal is expected later this year.
In the full year results for 2016, the North American nuclear operations contributed revenue of £83m and trading profit of £1m.