UK-based oil and gas services company Wood Group has acquired Australian vibration, dynamics and noise engineering service provider SVT Engineering Consultants (SVT).
With the acquisition, SVT will further expand the global technical expertise established by Wood Group with the purchase of BETA Machinery Analysis in June 2015.
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Wood Group said that SVT will operate within the company’s Wood Group Kenny business. The acquisition will also bolster the geographic footprint of Wood Group’s VDN service.
Wood Group Kenny CEO Bob MacDonald said: "Australia is one of the world’s largest producers and exporters of minerals and is on the cusp of becoming the world’s largest LNG producer.
"SVT is a natural strategic fit augmenting, yet broadening, our existing spectrum of specialist technical services to the energy, industrial and renewable markets, where we have an industry leading capability."
SVT Engineering Consultants managing director Stewart Wharton said: "Joining Wood Group means we can offer our specialist services to an enhanced global client base and we look forward to being part of the company’s international network.
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By GlobalData"The depth of expertise Wood Group has in vibration, dynamics and noise, including specialist tools and software for data analytics, will open up new opportunities for our services."
SVT offers services including piping and rotating equipment vibration, noise, integrity engineering and asset integrity.
The company’s serves clients operating in the onshore and offshore oil and gas markets including liquefied natural gas (LNG).
