April 8, 2016 – Wood Group has acquired Ingenious Inc., a supplier of proprietary software and consulting services to the global chemical, oil & gas, and energy industries..
The acquisition provides a manufacturing operations management (MOM) systems capability that builds upon the capabilities of Wood Group Mustang’s automation and control business, within which it will operate. Ingenious’s software products consist of remote performance monitoring, production planning and scheduling, and training, including e-learning and training simulators for the process industries.
Founded in 2000, Houston-based Ingenious 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. Ingenious also has an office in Mumbai, India, that supports regional customers, executes international projects and assists in software development.
“The capabilities Ingenious provides will enhance the scale and breadth of our automation and control business,” stated Michele McNichol, Wood Group Mustang CEO. “Wood Group Mustang has been a client and reseller of Ingenious’s products. Together, we can pursue projects that neither could explore independently.”
Vibhu Sharma, CEO 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 Ingenioussee this as a springboard to establish a strong leadership position in the manufacturing operations management space.”
Wood Group will also be able to leverage Ingenious’s strength in the operator training simulator market to enhance its control system simulators, training tools and services.
About Wood Group
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Wood Group is an international energy services company with around $6bn sales and operating in more than 50 countries. The Group provides a range of engineering, production support and maintenance management services to the oil & gas, and power generation industries worldwide
