Wood Group acquires Australian company

UK-based Wood Group has acquired SVT Engineering Consultants (SVT), a privately-owned vibration, dynamics and noise engineering service provider with headquarters in Perth.

This acquisition marks a “significant step” for Wood Group in providing a global vibration, dynamics and noise (VDN) engineering service line, Wood Group said in a statement on Tuesday.

The company did not reveal the value of the deal.

According to the statement, SVT’s client base now covers the onshore and offshore oil and gas market including liquefied natural gas (LNG), as well as mining, power and utilities sectors.

SVT’s current managing director Stewart Wharton will continue to lead the team of 110 personnel across SVT’s offices in Perth and Brisbane. 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,” MacDonald added.