Wood Group acquires Shanahan Engineering

10 December 2009 Wood Group acquires Shanahan Engineering A subsidiary of international energy services company John Wood Group PLC ("Wood Group") has acquired Shanahan Engineering. The company had gross assets of €8.5m as at 31 March, 2009. Shanahan Engineering provides power plant installation, commissioning and maintenance services to the power and industrial sectors mainly in the Eastern Hemisphere. Headquartered in Dublin, the company has offices in Italy, Japan, Turkey and the UK, and will operate within Wood Group's GTS division. "The acquisition of Shanahan Engineering is part of our ongoing strategy to expand and enhance our EPC capability and extends our geographic footprint", said Mark Papworth, chief executive, Wood Group GTS. "It will reinforce our position as a solutions-oriented provider of power plant EPC services and enhance our ability to support clients' new power plant requirements internationally. Longer term, demand for fast track natural gas-fired generated power is expected to increase and we see this leading to strong demand for our services." "We are delighted to be joining Wood Group," said James Greaney, senior vice president of Shanahan Engineering. "This brings together a strong set of complementary skills for our customers and presents development opportunities for the business and our people." -ends- Note to editors: Wood Group is an international energy services company with more than $5bn sales, employing 29,000 people worldwide and operating in 50 countries. Wood Group has three businesses-Engineering & Production Facilities, Well Support and Gas Turbine Services-providing a range of engineering, production support, maintenance management, and industrial gas turbine overhaul and repair services to the oil and gas, and power generation industries worldwide. Wood Group GTS is a leading independent provider of services and solutions for clients in the power, oil & gas and renewable energy markets. Worldwide, these services include; power plant engineering, procurement and construction management, facility operations & maintenance, repair & overhaul of gas, wind and steam turbines, pumps, compressors and other high-speed rotating equipment. Shanahan Engineering Founded in 1979, and headquartered in Dublin, Ireland, Shanahan Engineering provides power plant installation, commissioning and maintenance services mainly to the Eastern Hemisphere power market. The company operates through three divisions - Engineering, Procurement & Construction (EPC), Operations & Maintenance and Technical Field Services. For further information contact: Carolyn Smith, Corporate Communications - Eastern Hemisphere Tel: +44 (0) 1224 851099, email: Carolyn.smith@woodgroup.com Bobbie Ireland, Corporate Communications - Americas, Wood Group Tel: +1 (281) 828 3505, email: bobbie.ireland@woodgroup.com www.woodgroup.com
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