Wooden has entered into an settlement to promote its North American Transmission & Distribution engineering enterprise (North America T&D) to Qualus.
North America T&D is a supplier of complete energy infrastructure engineering for substations, transmission, distribution and renewable era throughout Canada and the U.S.
Qualus is a pure-play energy options agency and chief in energy infrastructure transformation, with differentiated capabilities throughout grid modernization, resiliency, safety and sustainability.
“We’re happy to announce continued progress of our non-core enterprise disposal program with the sale of North America T&D to Qualus, following a extremely aggressive sale course of,” mentioned Ken Gilmartin, CEO of Wooden. “This sale, together with the sale of Kelchner and the settlement to divest our curiosity in RWG, has led to roughly $275 million of disposal proceeds agreed up to now this yr. We are actually on monitor to exceed our beforehand introduced goal for disposal proceeds as we proceed to simplify our portfolio.”
As beforehand introduced, Wooden has continued to judge its portfolio of companies to establish these that are non-core to the corporate’s technique and development priorities. North America T&D was recognized as a part of this course of.
Moreover, in February 2025, Wooden introduced that it will goal $150 million to $200 million of disposal proceeds in 2025 to assist mitigate the affect of unfavorable free money circulate within the yr.
The deal follows two different disposals introduced in 2025, bringing the overall anticipated disposal proceeds agreed up to now in 2025 to roughly $275 million1.
Notes:
Consists of $135 million money consideration from the sale of Wooden’s curiosity in RWG (topic to completion changes, anticipated to finish in late-2025 or early-2026) and $30 million from the finished sale of Kelchner Inc.
