Wood Group acquires SVT Engineering Consultants

Wood Group has acquired SVT Engineering Consultants (SVT) based in Australia. This acquisition marks a significant step for Wood Group in providing a global vibration, dynamics and noise (VDN) engineering service line.

SVT, a privately-owned company with headquarters in Perth, offers piping and rotating equipment vibration, noise, integrity engineering and asset integrity services.

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 Angharad Lock

Read the article online at: https://www.worldpipelines.com/business-news/05042016/wood-group-acquires-svt-engineering-consultants-576/