Caterpillar: Launches SPM Oil & Gas after Completing Weir Acquisition
Caterpillar Inc. (NYSE:CAT) has completed its acquisition of the Oil & Gas Division (“Weir Oil & Gas”) of the Weir Group PLC, a Scotland-based global engineering business. Headquartered near Fort Worth, Texas, SPM Oil & Gas will continue to produce a full line of pumps, flow iron, consumable parts, wellhead and pressure control …
Akastor: Sells KOP Surface Products to the Weir Group
Akastor ASA, an oil service investment company, has entered into a definitive agreement to sell KOP Surface Products (“KOP”) to The Weir Group PLC for USD 114 million on a debt- and cash-free basis. KOP is headquartered in Singapore and is a supplier of surface wellheads, trees, valves and actuators …