Worley says it has entered into an agreement with Airswift Group (Airswift) to sell its global recruitment and contractor management company, Energy Resourcing Group (ERG), as part of its ongoing portfolio management.
Under the agreement, Airswift will continue to provide ongoing contractor management services to Worley.
On completion, the move is set to create the world’s most forward-thinking workforce solutions provider serving the energy, process, infrastructure, mining, construction and technology sectors, Airswift said.
Worley Chief Executive Officer, Chris Ashton, said: “Airswift is a global workforce services partner with experience across the energy, process, infrastructure, mining and technology sectors. They have access to a deep talent pool across a broader range of locations as well as the shared services model that will deliver scale efficiencies as we continue to recruit new talent to support our customers across both traditional and sustainability-related work.
“The transaction reflects our ongoing commitment to disciplined and active management of our portfolio in line with our strategic direction and follows the sale of our North America turnaround and maintenance business announced earlier this year,” he said.
The agreement is subject to regulatory approval, customary closure conditions and Worley completing the separation of the business. The ERG transaction is expected to close by the end of the month.