30th Jun 2015 06:41
LONDON (Alliance News) - FTSE 250-listed oil and energy services company John Wood Group PLC on Tuesday said it has struck a USD14.3 million deal to acquire BETA Machinery Analysis.
BETA is a Calgary, Canada-based engineering consultancy, which focuses on advanced vibration analysis.
John Wood said the business will complement its existing Wood Group Kenny consultancy arm.
"BETA complements our existing services globally, providing service line expansion further enhancing Wood Group Kenny's integrity management capabilities. Wood Group and BETA are an excellent fit both operationally and culturally fostered from a partnership from past project experience," said Bob MacDonald, Wood Group Kenny's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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