Wood Group expands operator training and simulation capabilities with acquisition of Cape Software



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[STK]

[IN] OIL UTI STW CPR HRD

[SU] TNM

TO BUSINESS, AND ENERGY EDITORS:

Wood Group expands operator training and simulation capabilities with

acquisition of Cape Software

HOUSTON, April 15, 2014 /PRNewswire/ -- Wood Group has acquired Cape

Software ("Cape"), a Texas provider of simulation software and

services for operator training and logic validation for SCADA and DCS

industrial control systems used by the oil & gas and other

process-based industries. Cape will become part of the MSi Kenny

Products business within Wood Group Kenny. Cape's revenue for the year

to December 31, 2013 was around $5 million.

Cape's VP Link@ software product, used to simulate process responses

on control networks and for interactive operator training, complements

MSi Kenny's more comprehensive Virtuoso@ simulation modelling

technology, which is used for pipelines and processes. The companies'

previous collaborations have resulted in the development and

implementation of integrated operator training systems for upstream

offshore oil & gas facilities, enabling critical unit operations to be

rigorously modelled.

Michael Mai, a member of the Wood Group Kenny leadership team and

president of MSi Kenny, said: "The acquisition of Cape expands our

product and service portfolio for customers worldwide and is an

important part of our technology-led growth strategy. VP Link broadens

our existing operator training simulator to include a full-featured,

hardware-based solution, so operators can train on the same type of

equipment they will operate in the control room.

"Cape also provides us with an avenue to bring our simulation

technology to other industries for cost-efficient process optimization

and monitoring. As process safety continues to be a core concern

across industries we intend to expand on Cape's proven track record in

the SCADA/DCS and safety systems verification market through Wood

Group's global footprint. Cape's technology and culture are well

aligned with MSi Kenny's as demonstrated by our innovative technology

collaboration on previous simulator projects for major oil & gas

operators."

Notes to Editors Wood Group is an international energy services

company with around $7bn sales, employing around 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 Kenny is the world's largest independent specialist subsea,

pipeline and riser engineering and management contractor, employing

more than 2,800 people worldwide, part of international energy

services company, Wood Group. www.woodgroupkenny.com

MSi Kenny, a Wood Group Kenny business, is a specialized multiphase

consultancy experienced in the application of advanced technology for

the design and optimal operation of oil & gas production, pipeline and

processing facilities.

Cape Software provides software and services for operator training

simulators and logic validation for supervisory control and data

acquisition (SCADA) and distributed control (DCS) systems. Cape was

founded in 1990 and is located in The Woodlands, Texas.

SOURCE Wood Group

-0- 04/15/2014

/CONTACT: Media enquiries: Bobbie Ireland, Director, Corporate Communications - Americas, Wood Group, Tel: +1 281 828 3505, email: bobbie.ireland@woodgroup.com, or 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

/Web Site: http://www.woodgroup.com

CO: Wood Group; Cape Software

ST: Texas

IN: OIL UTI STW CPR HRD

SU: TNM

PRN

-- DA04807 --

0000 04/15/2014 06:00:00 EDT http://www.prnewswire.com

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

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