Sidara Is Said to Weigh Potential Acquisition of John Wood Group

Sidara, the family-owned engineering company formerly called Dar Group, is exploring a potential acquisition of London-listed John Wood Group Plc, according to people familiar with the matter.

Sidara has been studying a possible deal for Wood as the Scottish firm’s stock price continues to decline, said the people, asking not to be identified because the information is private. Wood shares have fallen about 25% over the past 12 months, giving the company a market value of about £1.1 billion ($1.4 billion).

Deliberations are in the early stages, and there’s no certainty they will result in a transaction, the ...