WOOD GROUP (JOHN) PLC - Wood Group acquires SVT Engineering Consultants

5 April 2016

Wood Group boosts vibration, dynamics and noise engineering service with SVT Engineering Consultants acquisition

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, provides piping and rotating equipment vibration, noise, integrity engineering and asset integrity services.

The company was formed to pioneer the application of sound and vibration technology in the Australian resource sector. 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.

Managing director Stewart Wharton will continue to lead the 110-strong team of personnel across SVT's offices in Perth and Brisbane. SVT will operate within the Wood Group Kenny business.

SVT further expands the global technical expertise, which Wood Group established with the acquisition of Calgary-based BETA Machinery Analysis in June 2015 and augmented by an expert team which was established in Southampton, UK, at the end of 2015. The acquisition also enhances the geographic footprint of Wood Group's VDN service, making it a truly global offering.

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, said: "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."

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Note to Editors:

Wood Group is an international energy services company with around $6bn sales and operating in more than 50 countries. The Group is built on Core Values and has three businesses - Wood Group PSN, Wood Group Kenny and Wood Group Mustang - providing a range of engineering, production support and maintenance management services to the oil & gas, and power generation industries worldwide. Visit Wood Group at http://www.woodgroup.com/ and connect with us on LinkedIn and Twitter.

Wood Group Kenny solves complex technological challenges across the energy and industrial sectors. We provide solution independent project delivery, engineering and consulting services throughout the asset life cycle. This breadth of services, coupled with over 35 years' industry experience, enables us to offer fit for purpose solutions for both the routine and highly complex challenges faced by our customers.
http://www.woodgroupkenny.com/

SVT Engineering Consultants is a specialist engineering consultancy, headquartered in Perth, Australia, with world-class capability in acoustics, vibration, corrosion and pressure. http://www.svt.com.au/

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