Worley has agreed to sell its Power Services business in Australia to SPIE Global Services Energy as part of its strategy to streamline operations and concentrate on core growth areas.

Target Information

Worley has entered into an agreement to sell its Worley Power Services (WPS) business in Australia to SPIE Global Services Energy, a subsidiary of SPIE, a prominent global energy company with a strong local presence. WPS has been an integral part of Australia’s energy sector for over two decades, employing approximately 300 professionals dedicated to operations and maintenance across numerous electricity generation facilities and infrastructure.

Industry Overview

Australia's energy industry is transitioning towards a more sustainable future, focusing on renewable energy sources to reduce carbon emissions. This shift has created significant demand for operational and maintenance services that support both traditional and green energy sectors. With a robust infrastructure and ongoing investments in renewable technologies, Australia is poised for a transformation in energy production and management.

The government has been proactive in stimulating the clean energy sector through various incentives and regulatory frameworks that promote renewable energy projects, such as wind farms and sola