Dubai Engineering Firm Sidara Completes Acquisition of Wood Group

Business Deal Dubai Engineering Firm Sidara Completes Acquisition of Wood Group

2026-03-16 Source: Press release Wood 2 min Reading Time

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Sidara, the Dubai-based engineering firm has successfully completed the acquisition of the multinational engineering and consulting company Wood Group. The move is in line with Sidara’s long-term strategic ambition of expanding and elevating its energy offering to clients worldwide.

The transaction marks a transformational milestone for Sidara and significantly advances its long-term strategic ambition to expand and elevate its energy offering to clients worldwide.(Source: Pixabay) — The transaction marks a transformational milestone for Sidara and significantly advances its long-term strategic ambition to expand and elevate its energy offering to clients worldwide.
(Source: Pixabay)

Aberdeen/Scotland – Sidara has completed the acquisition of Wood. The transaction marks a transformational milestone for Sidara and significantly advances its long-term strategic ambition to expand and elevate its energy offering to clients worldwide.

Sidara values Wood’s talented people, technical capabilities and deep client relationships. Going forward, Wood will retain its own brand and continue operating as a standalone business, while benefiting from Sidara’s global scale and long-term owner-operator mindset.

With Wood’s complementary capabilities and technical expertise — including in digital and decarbonization technologies — Sidara is positioned at the forefront of the global energy sector. Together, the group will deliver the energy security solutions communities need today while accelerating the transition to clean energy and decarbonized infrastructure that will safeguard the communities and the planet for the future.

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With Wood joining the group, Sidara’s global collaborative now brings together more than 55,000 professionals. The combined group generates over 8.5 billion dollars in revenue across all geographies, with approximately 40 percent in North America and 20 percent in each of Europe, the Middle East and Africa, and Asia Pacific.

Talal Shair, Chairman and Chief Executive Officer of Sidara, commented: “Acquiring Wood is without a doubt the most ambitious venture in the history of Sidara, driving forward a long-term critical strategy of expanding and elevating our energy offering. Together with Wood, our people will be empowered to have far greater impact in two of the defining sectors of our time: energy and materials.

“This partnership comes at a historic moment. Accelerating the energy transition and establishing a sustainable supply of the raw materials that will shape our future has never been more critical than it is today. By providing a solid foundation and long-term strategic backing for Wood, Sidara will be uniquely positioned to deliver innovative, industry-leading solutions for clients in these critical sectors and beyond.”

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