Wood Group acquires SVT Engineering Consultants

Wood Group has announced that it has acquired SVT Engineering Consultants (SVT).

SVT - a privately-owned company that was formed to pioneer the application of sound and vibration technology in the Australian resource sector - provides piping and rotating equipment vibration, noise, integrity engineering and asset integrity services. The company’s client base covers the onshore and offshore oil and gas market including LNG, as well as mining, power and utilities sectors.

SVT will operate within the Wood Group Kenny business.

Bob MacDonald, CEO of Wood Group Kenny, 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 builds on our asset integrity management service line as part of our strategy to enhance our vibration, dynamics and noise capability to support the operational phase of Australia’s LNG and mining infrastructure for decades to come. 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.”

Stewart Wharton, Managing Director of SVT, added: “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. 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. We are focused on solving difficult problems in the oil and gas, mining and utilities sectors and we share Wood Group’s culture and values which strongly emphasise safety.”

Edited from press release by Callum O'Reilly

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05042016/wood-group-acquires-svt-engineering-consultants-2222/