Wood and Cenosco sign strategic agreement to enhance asset performance for industry

Wood has entered into a strategic agreement with Cenosco, a globally trusted provider of advanced Asset Integrity Management (AIM) and Asset Performance Management (APM) software to provide industrial customers with an enhanced and value-creating asset management solution. This collaboration brings together Wood’s knowledge of asset and operator challenges and its leading digital implementation expertise, with Cenosco’s highly regarded IMS (Integrity Management Software) suite. Together, they will offer clients innovative, integrated solutions designed to boost asset reliability, reduce downtime, and extend operational lifecycles.

Deployment Underway

The companies are already collaborating with a multinational oil and gas company to conduct a gap assessment to provide a clear and sustainable asset management roadmap to reduce costs, improve operations and support safety.

“Many digital projects often fail to deliver value as they are viewed solely as technology initiatives. We take a holistic approach to digital transformation - driven by strategy, people and process, ensuring effective implementation.”

“Selecting the right partners for our digital ecosystem is key to ensuring economic value creation for our clients, which is why we’re excited to be working with Cenosco.” said German Carmona, President of Digital Consulting at Wood.

Going forward, the partnership will enable the advancement of impactful industrial asset performance management transformation and asset management digitalisation providing customers with the insights to drive decision-making, increase safety, and enable a continues and a sustainable value realisation cycle.

Rahul Kejriwal, CEO at Cenosco said, “Our customer-centered approach is at the heart of everything we do. Partnering with trusted industry leaders, like Wood, is important to us for delivering sustained value and staying at the forefront of asset reliability and integrity."

Recognised Digital Leaders

Both Wood and Cenosco have been spotlighted in Verdantix’s Green Quadrant 2024 for their industrial asset management prowess. Cenosco was featured as an Innovator for their expertise in Asset Performance Management, while Wood was recognized as a Leader in digital for their asset management technology implementation services.