Wood Group satisfies conditions of Mitchell acquisition

published 8 October 2012

Wood Group, the international energy services company, has confirmed that is has received anti-trust approval from the US Federal Trade Commission for its proposed acquisition of Mitchell's Oil Field Services.

The conditions of the acquisition have now been satisfied, and the transaction is now expected to be completed by October 22nd.

As previously announced, the $135m acquisition significantly increases the company's presence in the US Bakken shale region and is expected to be earnings-enhancing from completion.