5th Apr 2016 06:31
LONDON (Alliance News) - John Wood Group PLC Tuesday said it has acquired an Australia-based engineering consultancy business that will enhance the technical expertise of a separate company it acquired last year.
The FTSE 250-listed oil and gas services company said it has acquired SVT Engineering Consultants, a Perth-based firm providing piping and rotating equipment vibration, noise, integrity engineering and asset integrity services.
SVT's client base covers the onshore and offshore oil and gas market including liquefied natural gas, as well as mining, power and utilities sectors.
John Wood said SVT will expand the technical knowledge that it established through its acquisition of BETA Machinery Analysis back in July 2015, which continues to operate in Southampton in the UK. Wood Group added it also enhances the geographical footprint of its VDN service, otherwise known as vibration, dynamics and noise.
SVT Managing Director Stewart Wharton will continue to lead the 100-strong team of staff in Australia, with SVT operating within Wood Group's Kenny division, which provides engineering design, project management, operations support and operations integrity assessment to different industries.
No financial details of the deal were released.
By Joshua Warner; [email protected]; @JoshAlliance
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