Wood Group makes US acquisition

Aberdeen-based Wood Group is a major oil services business
Aberdeen-based Wood Group is a major oil services business
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Energy services giant Wood Group has unveiled a second key acquisition this week with the takeover of a US-based supplier of software and consulting services to the global chemical, oil and gas and energy industries.

The Aberdeen-based group said it had acquired Ingenious from its management team.

Founded in 2000 by Vibhu Sharma and Bharat Kamdar, the Houston-based firm provides consulting and engineering services to support software sales and non-software-related services such as process engineering, design and simulation, and process safety management.

The company also has an office in Mumbai that supports regional customers. The Indian operations expand Wood Group Mustang’s automation and control business’s geographic footprint and client relationships in Asia and the Middle East.

Michele McNichol, Wood Group Mustang chief executive, said: “The capabilities Ingenious provides will enhance the scale and breadth of our automation and control business.

“Wood Group Mustang has been a client and reseller of Ingenious’s products. Together, we can pursue projects that neither could explore independently.”

Sharma, who is chief executive of Ingenious, added: “Joining Wood Group Mustang’s automation and control business allows us to offer existing and new customers an enviable combination of software and consulting services, from training simulators to performance monitoring, planning, scheduling, environmental, APC, MES and related solutions.

“It’s also a match culturally as we value the same principles that Wood Group embodies. All of us at Ingenious see this as a springboard to establish a strong leadership position in the manufacturing operations management space.”

Financial details surrounding the deal were not disclosed.

Earlier this week, Wood Group announced the takeover of an Australian engineering business. It said the purchase of SVT Engineering Consultants (SVT) marked a “significant step” for the Scots company in providing a global vibration, dynamics and noise engineering service line.