Wood Group Acquires Ingenious (HTC Board Member)
HOUSTON, 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, from its executive leadership team.
The acquisition provides a strong manufacturing operations management (MOM) systems capability that builds upon and diversifies 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 by Vibhu Sharma and Bharat Kamdar, 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 Mumbai operations expand the automation and control business's geographic footprint and client relationships in Asiaand the Middle East.
"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 Ingenious see 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.
Notes to editors:
Wood Group is an international energy services company with around $6bn sales and operating in more than 50 countries. The Group is built on Core Values and has three businesses - Wood Group PSN, Wood Group Kenny and Wood Group Mustang - providing a range of engineering, production support and maintenance management services to the oil & gas, and power generation industries worldwide. Visit Wood Group at http://www.woodgroup.com/ and connect with us on LinkedIn and Twitter.
Wood Group Mustang provides award-winning services to the global energy industry. From concept to completion, Wood Group Mustang delivers project management, construction management, engineering and procurement services to the offshore, onshore, oil sands, pipeline, refining, chemicals, industrial and automation sectors, operating in countries throughout Africa, Asia, Europe, the Middle East,Latin America and North America. For more information visit http://www.mustangeng.com/
Ingenious Inc., headquartered in Houston, Texas, is a technology company offering award-winning remote performance monitoring software, operator training simulator and e-learning, planning & scheduling software solutions and consulting services to the oil & gas and manufacturing industries. Founded in 2000 by Vibhu Sharma and Bharat Kamdar, Ingenious serves more than 200 customers globally. For more information, visit http://www.ingeniousinc.com/
For further information contact:
Wood Group Press Office