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24/05/2017

Wood Group Acquires CEC Controls For £45m

Aberdeen-based Wood Group has announced the acquisition of CEC Controls Company for £45 million.

The deal, which will see the Group's automation and control capabilities expanded, follows the purchase of Automated Technology Group (ATG).

Robin Watson, Wood Group's chief executive, said: "Bringing 50 years of expertise in delivering services to the automotive sector, CEC Controls significantly complements and strengthens the innovative technical solutions we provide to clients within automation and control.

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"The acquisition supports the geographical broadening of our footprint within the automotive sector particularly in the US; deepening our presence in the key automotive hub of Detroit, where CEC Controls is headquartered.

"It also provides us the opportunity to further enhance the industrial process & control capabilities we offer to this industry and adjacent sectors including aerospace, logistics, water, and pharmaceuticals."

President of CEC Controls, Robert Scheper, added: "Wood Group's global footprint and breadth of capabilities offers us the opportunity to enhance our client solutions and access significant international growth opportunities.

"We believe our extensive expertise in the automotive manufacturing industry, married with Wood Group's two decades of experience in automation and control, creates a powerful solution-driven service offering for clients."

(LM/MH)

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