One-Page Deal Sheet
Caterpillar Inc. to Acquire Weir Oil & Gas for $405MM in Cash
Not Disclosed The Weir Group, Weir Oil & Gas
Announced Date
October 05,2020
Transaction Type
Asset
Location
Region
United States
Country
United States
Transaction Details: Subscribe to see
Caterpillar Inc. has signed an agreement to acquire the Oil & Gas Division of the Weir Group PLC, a Scotland-based global engineering business for $405 million in cash.
Headquartered near Fort Worth, Texas, Weir Oil & Gas produces a full line of pumps, flow iron, consumable parts, wellhead and pressure control products that are serviced via an extensive global network of service centers located near customer operations.
The transaction includes more than 40 Weir Oil & Gas manufacturing and services locations and approximately 2,000 employees.
Jon Stanton, Weir Group CEO, said: “We are pleased…
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