8th Apr 2016 06:38
LONDON (Alliance News) - John Wood Group PLC on Friday said it has acquired a US-based proprietary software and consulting services business that will boost its automation and control unit and expand its geographical reach.
John Wood said it has acquired Ingenious Inc, a supplier of proprietary software and consulting services to the global chemical, oil and gas, and energy industries. John Wood has purchased the company from Ingenious' executive management team, it said.
The acquisition will enhance John Wood's manufacturing operations management systems capability and will diversify and build on John Wood Mustang's automation and control business, within which Ingenious will operate.
Ingenious' software products consist of remote performance monitoring, production planning and scheduling, and training, including e-learning and training simulators for the process industries.
Ingenious is based in Houston, Texas in the US, but also has an office in Mumbai, India. John Wood said the Indian office expands its global reach in Asia and the Middle East.
"Wood Group will also be able to leverage Ingenious's strength in the operator training simulator market to enhance its control system simulators, training tools and services," said the company.
No financial details of the deal were published.
By Joshua Warner; [email protected]; @JoshAlliance
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