Wood Group in Beta acquisition
Wood Group said it has acquired Beta Machinery Analysis, a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at US$14.3 million.
“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 strengthen Wood Group’s capabilities,” the company said in a statement, adding that 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.
Beta’s current focus is the topsides, utilities, refineries and facilities sector. The company employs approximately 100 personnel across their Canada, U.S., China and Malaysia locations and will continue to be led by its existing management team under Russ Barss, Beta president.
Beta’s service offering is complementary to Wood Group Kenny, as well as Wood Group PSN and Wood Group Mustang, with its services easily transferrable to the subsea umbilicals, risers and flowlines sector, Wood Group said.
The engineering consultancy will operate under Wood Group Kenny, specifically within the Wood Group Integrity Management business.
Image: Beta Machinery Analysis