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Wood Group announced Monday it has reached an agreement with Agility Group to acquire Agility Projects AS, a Norwegian engineering, procurement, construction management, installation, and commissioning firm.

Total consideration for the acquisition is $164 million.

Agility Projects is based in Sandefjord, near Oslo.

Wood said Agility Projects will operate within the Wood Group’s Mustang offshore business and will be headed up by the current Agility Group CEO, Otto Søberg.