Wood Group enhances Canadian pipeline engineering capability with acquisition of Sunstone

 Wood Group enhances Canadian pipeline engineering capability with acquisition  of Sunstone  HOUSTON, April 1, 2014 /CNW/ -Wood Group has acquired Sunstone Projects Ltd.  ("Sunstone") of Calgary, Alberta, Canada for C$14.5 million. Sunstone is a  pipeline consulting company providing engineering, procurement and  construction management (EPCM) services to clients in the Canadian oil & gas  industry. Sunstone generated sales of approximately C$21 million in 2013 and  employs approximately 70 people.  Sunstone will be rebranded as Wood Group Mustang and operate within its  Canadian operations. Sunstone will continue to be led by the existing  management team under Sunstone President Barry Bauhuis.  Steve Knowles, president of Wood Group Mustang, said: "The Canadian pipeline  system is expected to expand to ensure access to markets for oil & gas  produced in Western Canada.  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.  Sunstone has an excellent reputation for pipeline  project execution and will be an important part of our Canadian growth  strategy."  Barry Bauhuis, president of Sunstone, said: "We are extremely excited to be  joining Wood Group. As a part of a larger integrated engineering group we will  continue to provide the same great service to existing clients while being  able to pursue larger and more complex pipeline opportunities."  Notes to Editors Wood Group is an international energy services company with  around $7bn sales, employing about 46,000 people worldwide and operating in 50  countries. The Group has three businesses – Wood Group Engineering, Wood  Group PSN and Wood Group GTS  - providing a range of engineering, production  support, maintenance management and industrial gas turbine overhaul and repair  services to the oil & gas, and power generation industries worldwide.   www.woodgroup.com  Wood Group Mustang provides award-winning services to the global energy  industry. From concept to completion, Wood Group Mustang provides project  management, construction management, engineering and procurement services to  the offshore, onshore, 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  www.mustangeng.com, www.wgmustang.ca or connect with us on Facebook, LinkedIn  or Twitter.  Photo - http://photos.prnewswire.com/prnh/20140401/DA94649    SOURCE  Wood Group  Media enquiries, Bobbie Ireland, Director, Corporate Communications -  Americas, Wood Group, Tel: +1 281 828 3505, email:  bobbie.ireland@woodgroup.com; Carolyn Smith, Director, Corporate  Communications - Eastern Hemisphere, Wood Group, Tel: +44 (0) 1224 851 099,  email: carolyn.smith@woodgroup.com; Investor and analyst enquiries, Andrew  Rose, Group Head of Investor Relations, Wood Group, Tel: +44 1224 532716,  email: andrew.rose@woodgroup.com  http://www.woodgroup.com  http://photos.prnewswire.com/prnh/20140401/DA94649  PRN Photo Desk, photodesk@prnewswire.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/April2014/01/c8072.html  CO: Wood Group ST: Texas NI: OIL UTI MNA  
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