Wood Group buys Australia's SVT for undisclosed sum

Mining services outfit Wood Group said it had bought Australian firm SVT Engineering Consultants for an undisclosed sum.

SVT, a privately-owned company with headquarters in Perth, provides piping and rotating equipment vibration, noise, integrity engineering and asset integrity services.

The company's client base now covers the onshore and offshore oil and gas market including liquefied natural gas, as well as mining, power and utilities sectors.

Wood Group chief executive Bob MacDonald said the purchase builds on the company's asset integrity management service line as part of its strategy to enhance 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,” he added.