Wood Group buys Australian firm SVT Engineering

Aberdeen-based oil and gas services giant Wood Group said it acquired SVT Engineering Consultants (SVT) based in Perth, Australia in what it desribed as a “significant step … in providing a global vibration, dynamics and noise (VDN) engineering service line.”

Wood group said privately-owned SVT was formed to pioneer the application of sound and vibration technology in the Australian resource sector.

It said SVT provides “piping and rotating equipment vibration, noise, integrity engineering and asset integrity services.”

Its 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 managing director Stewart Wharton will continue to lead the firm’s 110-strong team in Perth and Brisbane and the acquired business will operate within the Wood Group Kenny division.

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.”

Wharton 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.”

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.