Caterpillar completes Weir Oil and Gas acquisition

Equipment Journal
February 2, 2021
Caterpillar has completed its acquisition of Weir Oil and Gas, and has now launched SPM Oil and Gas.
In October, Caterpillar announced it signed an agreement to acquire Weir Oil & Gas for $405 million from the Weir Group, a Scotland-based global engineering business.
Headquartered in Texas, Weir Oil & Gas produces a full line of pumps, flow iron, consumable parts, wellhead and pressure control products that are serviced via a global network of service centres located near customer operations.  The transaction includes more than 40 global service centres and about 2,000 employees.
“Combining Weir Oil & Gas’ pressure pumping and pressure control portfolio with Cat engines and transmissions will provide additional value for our customers,” said Joe Creed, Caterpillar group president. “

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