Wood Group acquires Intetech Limited
ABERDEEN -- Wood Group has acquired Intetech Limited, a niche provider of software and engineering consultancy services for well integrity and corrosion management. Formed in 1991, Intetech employs roughly 30 people, had revenue for the year to December 2012 of $4.2 million, and operates internationally from offices near Chester, UK.
Intetech has proprietary software “iWIT,” which provides its customers with real-time active management of oil and gas wells, especially important for complex wells, such as ultra-deepwater, high-pressure/high-temperature, or highly-corrosive wells.
Intetech will join the Wood Group Integrity Management business area, and will be re-named Wood Group Intetech. It will continue to be run by its existing management team, led by Dr. Liane Smith, FREng.