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. The engineering consultancy will operate under Wood Group Kenny, within the Wood Group Integrity Management business, and Wood Group Kenny will provide an all-of-facility integrity management service to both Wood Group’s and BETA’s client base.
BETA is said to have expertise in advanced vibration, pulsation stress and dynamic analysis of piping systems and machinery during the design and production phases, which are key elements in integrity management and help strengthen Wood Group’s capabilities. These services can be applied to field troubleshooting, monitoring and inspection of both greenfield and brownfield assets throughout the upstream, midstream and downstream oil and gas market. BETA’s current focus is the topsides, utilities, refineries and facilities (TURF) sector.
BETA employs approximately 100 personnel across their Canada, U.S., China and Malaysia and will continue to be led by its existing management team under Russ Barss, BETA president. With 48 years in the industry, BETA’s service offering is complementary to Wood Group Kenny, Wood Group PSN and Wood Group Mustang, with its services easily transferrable to the subsea umbilicals, risers and flowlines (SURF) sector.
Bob MacDonald, Wood Group Kenny CEO, 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.”