Wood Group buys Canada-based engineering consultancy for $14.3m

Wood Group said on Tuesday that it has acquired Canada-based engineering consultancy BETA Machinery Analysis in a deal valued at $14.3m.

BETA, which employs 100 people across its Canada, US, China and Malaysia locations, will operate under Wood Group Kenny, specifically under the Wood Group Integrity Management business.

With 48 years in the industry, BETA’s service offering is highly complementary to Wood Group Kenny, as well as Wood Group PSN and Wood Group Mustang, with its services easily transferrable to the subsea umbilicals, risers and flowlines (SURF) sector, said the company.

Wood Group chief executive officer Bob MacDonald said: “BETA complements our existing services globally, providing service line expansion further enhancing Wood Group Kenny’s integrity management capabilities. Wood Group and BETA are an excellent fit both operationally and culturally fostered from a partnership from past project experience.”