# Wood Group acquires CEC Controls for $59M

Wood Group acquired CEC Controls, a US designer and builder of industrial and process control systems, for $44 million in cash plus up to $15 million deferred consideration, expanding its automation capabilities.

- Type: Acquisition
- Announced: 2017-05-25
- Where: Detroit, Michigan, United States
- Value: $59.0M
- Status: announced
- Products: industrial and process control systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Wood Group](https://endata.com/companies/386.md) (acquirer)
- [CEC Controls](https://endata.com/companies/17191.md) (target)

## Sources

- [drivesncontrols.com](https://drivesncontrols.com/wood-group-pushes-into-automation-by-buying-cec-for-59m/), 2017-05-25: "CEC Controls significantly complements and strengthens the innovative technical solutions we provide to clients within automation and control."
- [prnewswire.com](https://www.prnewswire.com/news-releases/generational-capital-markets-announces-sale-of-cec-controls-to-wood-group-300478577.html), 2017-06-27: "The management team at CEC has done an outstanding job of growing and building a successful business and WG is the perfect partner from both a cultural and strategic perspective."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.