Wood Group has announced the acquisition of BETA Machinery Analysis (BETA) in a deal valued at US$14.3 million.
Wood Group believes that BETA’s expertise in advanced vibration, pulsation stress and dynamic analysis of piping systems and machinery during the design and production phases are key elements in integrity management, and will thus strengthen the Group’s capabilities. These services can be applied to field troubleshooting, monitoring and inspection of both greenfield and brownfield assets throughout the upstream, midstream and downstream oil and gas market.
In a statement released in its website, Wood Group said that BETA’s service offering is complementary to Wood Group Kenny, Wood Group PSN and Wood Group Mustang, with its services easily transferrable to the subsea umbilicals, risers and flowlines (SURF) sector.
The engineering consultancy will operate under Wood Group Kenny, specifically within the Wood Group Integrity Management business.
Bob MacDonald, Wood Group Kenny CEO, said: “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.
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/30062015/wood-group-acquires-beta-962/