Wood Group acquires stake in renewable specialist SgurrEnergy

International energy services company Wood Group has acquired a significant equity stake in leading renewable energy services consultancy SgurrEnergy Ltd.

SgurrEnergy provides a range of consultancy, engineering and measurement services to the developers and funders of wind farms and other renewable energy projects. The company employs around 100 people mainly based in its Glasgow office and also in Canada, China, India, Ireland and France and the USA. SgurrEnergy will join the Wood Group Kenny business unit, and will work closely on a number of projects with J P Kenny’s Offshore Renewables group, whose offshore renewable projects include the design and project management of an innovative Wave Hub project for the South West Regional Development Agency (SWRDA) in Cornwall.

“I am very pleased that SgurrEnergy is joining Wood Group as part of our ongoing strategy to expand and enhance our renewable energy capability, delivering proven design and management services to customers’ wind, wave, tidal and solar projects,” said Steve Wayman, CEO, Wood Group Kenny . “The combination of Wood Group Kenny’s extensive offshore project experience, together with SgurrEnergy’s specific renewable energy expertise and proprietary technology, will create a leading player in the renewable energy services sector.”

“We are delighted to be joining forces with Wood Group,” said Ian Irvine, director of SgurrEnergy. “This transaction brings together a strong set of complementary skills for our customers, covering the full project lifecycle, and presents exciting development opportunities for the business and our people. We aim to leverage Wood Group’s global footprint and, with their strength and backing, will be able to accelerate our plans for expansion of our services and products.”

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