RE: It's all about NEOM12 Mar 2025 00:24
I think the mention of Sidara Wood isn't necessarily a merger, but a full takeover.
Just the fact that Sidara are c. 20k people across their whole business and Wood are 35k, Wood is larger than the entity trying to acquire it.
So I wonder if they just call it Sidara Wood to let clients know it's still Wood and 'nothing has changed'
It's good business sense for Foreign companies to have ' Western' identifiable names too.
You don't want a 40 year established business to be swallowed whole and disappear into Nothing-Ness. The Wood name has value and it makes sense to keep it on.
JMO