Wood Group has acquired BETA Machinery Analysis (BETA), a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at US $14.3 million, according to a news release.
BETA’s expertise in advanced vibration, pulsation stress and dynamic analysis of piping systems and machinery during the design and production phases are key elements in integrity management, Wood Group said in the release. These services can be applied to field troubleshooting, monitoring and inspection of greenfield and brownfield assets throughout the upstream, midstream and downstream oil and gas market.
BETA, which focuses on the topsides, utilities, refineries and facilities sector, employs about 100 people across its Canada, U.S., China and Malaysia locations, the release said. The company will continue to be led by its existing management team under Russ Barss, BETA president.
The engineering consultancy will operate under Wood Group Kenny, specifically within the Wood Group Integrity Management business, according to the release.
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