Scottish energy services firm Wood Group yesterday snapped up Canadian pipeline consulting firm Sunstone Projects in a £7.8 million deal.
The company, which employs 70 staff and generated revenues of £11.4m last year, provides engineering, procurement and construction management services to clients across the Canadian oil and gas industry.
It will be rebranded as Wood Group Mustang.
However, it will continue to be led by the existing management team under Sunstone president Barry Bauhuis.
WGM president Steve Knowles said: “ The acquisition of Sunstone will strengthen our ability to provide our clients with services in this area.
“Sunstone’s capability and geographic presence are complementary to Wood Group Mustang’s existing pipeline business,” he added.
