WOOD Group is boosting its credentials in the field of vibration, dynamics and noise (VDN) engineering with the acquisition of Australian company SVT Engineering Consultants for an undisclosed sum.
Calling the acquisition a “significant step”, Wood Group said SVT is a natural strategic fit for the business, broadening its existing spectrum of specialist technical services.
SVT, a privately-owned company with headquarters in Perth, provides piping and rotating equipment vibration, noise, integrity engineering and asset integrity services.
Managing director Stewart Wharton will continue to lead the 110-strong team of personnel across SVT’s offices in Perth and Brisbane with no job losses expected. SVT will operate within the Wood Group Kenny business.
The company was formed to pioneer the application of sound and vibration technology in the Australian resource sector. SVT’s client base covers the onshore and offshore oil and gas market including Liquefied Natural Gas (LNG), as well as mining, power and utilities sectors.
Wood Group said that the deal expands a global technical expertise which it established with the acquisition of Calgary-based BETA Machinery Analysis in June 2015.
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.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here