Wood Group has announced it has acquired Ingenious Inc. from its executive leadership team.
The acquisition provides a strong manufacturing operations management (MOM) systems capability that builds upon and diversifies the capabilities of Wood Group Mustang’s automation and control business. Ingenious’s software products comprises remote performance monitoring, production planning and scheduling, and training, including e-learning and training simulators for the process industries.
Ingenious has an office in Mumbai, India, that supports regional customers, executes international projects and assists in software development. The Mumbai operations expand the automation and control business’s geographic footprint and client relationships in Asia and the Middle East.
“The capabilities Ingenious provides will enhance the scale and breadth of our automation and control business,” stated Michele McNichol, Wood Group Mustang CEO. “Wood Group Mustang has been a client and reseller of Ingenious’s products. Together, we can pursue projects that neither could explore independently.”
Vibhu Sharma, CEO of Ingenious, commented: “Joining Wood Group Mustang’s automation and control business allows us to offer existing and new customers an enviable combination of software and consulting services, from training simulators to performance monitoring, planning, scheduling, environmental, APC, MES and related solutions. It’s also a match culturally as we value the same principles that Wood Group embodies. All of us at Ingenious see this as a springboard to establish a strong leadership position in the manufacturing operations management space.”
Wood Group will also be able to leverage Ingenious’s strength in the operator training simulator market.
Edited from press release by Angharad Lock
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