Eversheds advises Siemens UK on rotating equipment joint venture with John Wood
Eversheds has advised Siemens on UK aspects of its joint venture with John Wood Group to create a global integrated rotating equipment service provider.
The joint venture consists of the maintenance and power solutions business of Wood Group GTS (excluding its Rolls Wood Group, TransCanada Turbines and Sulzer Wood joint ventures) and Siemens’ TurboCare business unit, which provides aftermarket gas turbine, steam turbine and generator design, repair and manufacturing services.
The joint venture will be a differentiated, integrated rotating equipment service provider to the power generation, oil and gas and industrial sectors, with combined assets of approximately $1bn (£620,000) and will employ approximately 4,500 people globally.
The Eversheds team was led by partner Richard Moulton, assisted by principal associate Ben Jones and senior associate Richard Kyle.
News from Eversheds
News from The Lawyer
Briefings from Eversheds
The notion of ‘gross negligence’ is an important matter for customers and institutions alike and has been reviewed by the High Court and Supreme Court in deciding a recent case.
This report includes an analysis of the results of Eversheds survey on the Employment Tribunal process, which is based on 180 responses.
Analysis from The Lawyer
‘Exotic’ investors and opportunities for legal work beyond M&A feature in The Lawyer’s high-level roundtable debate on south-east Europe
Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?