Caterpillar To Acquire Weir Oil & Gas

By DJ Slater05 October 2020

Caterpillar Inc. signed an agreement to acquire the oil & gas division of the Weir Group PLC, a Scotland-based global engineering business. Headquartered near Fort Worth, Texas, Weir Oil & Gas produces pumps, flow iron, consumable parts, wellhead and pressure control products that are serviced via a global network of service centers.

In February, the Weir Group PLC, founded in 1871, announced its intention to sell the oil & gas division to become a mining technology pure play providing engineered solutions from extraction through to concentration and tailings management.

“Combining Weir Oil & Gas’ established pressure pumping and pressure control portfolio with Cat’s engines and transmissions enables us to create additional value for customers,” said Joe Creed, vice president of Caterpillar’s Oil & Gas and Marine Division. “This acquisition will expand our offerings to one of the broadest product lines in the well service industry.”

The transaction, US$405 million, includes more than 40 Weir Oil & Gas manufacturing and services locations and 2000 employees. As to how this acquisition will impact its Black Horse LLC pump joint venture, Caterpillar said it would release no further information until after the Weir acquisition closes. In 2012, Caterpillar and Ariel Corp. announced Black Horse, a 50-50 joint venture to provide well service pressure pumping products for the oil and gas industry. At that time, Black Horse also announced the acquisition of reciprocating pressure pump manufacturer ProSource of Houston, Texas.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, CompressorTech² News features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
CONNECT WITH THE TEAM
DJ Slater Senior Editor, Compressor Tech² Tel: +1 262 754 4113 E-mail: dj.slater@khl.com
Pete Ballistrieri Sales Manager Tel: +1 262 754 4131 E-mail: pete.ballistrieri@khl.com<
CONNECT WITH SOCIAL MEDIA
Latest News
Virchow becomes head of Heinzmann’s gas engines business
Heinzmann has appointed Robert Virchow as the head of its gas engines business unit.
Baker Hughes to acquire ARMS Reliability
Baker Hughes announced it will acquire ARMS Reliability, a global provider of monitoring and analytical products for a wide range of industries.
UGI, Stonehenge acquire Pine Run Midstream
Pine Run Gathering, a joint venture of Stonehenge Energy Resources and UGI Energy Service (UGIES) subsidiaries, has acquired Pine Run Midstream.