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UK competition watchdog accepts Wood Group – Amec FW merger remedy

A merger between two UK oilfield services companies, Wood Group and Amec Foster Wheeler, is set to be complete next month as the UK’s competition watchdog, the Competition and Markets Authority (CMA), has accepted the duo’s proposals to resolve competition concerns regarding the merger. 

The CMA began investigating the merger of the two companies in June 2017. After it found that competition concerns could arise in the supply of engineering and construction services and operation and maintenance services, the two companies offered to sell Amec Foster Wheeler’s businesses in these areas to address the CMA’s concerns.

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