SHARE February 9, 2021
Caterpillar 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 products that are offered via an extensive global network of service centers.
“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. “This acquisition is consistent with our strategy of providing our customers expanded offerings and services which will now be one of the broadest in the well service industry.”
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Caterpillar Acquires Weir Oil & Gas, Launches SPM Oil & Gas
February 2, 2021 GMT
DEERFIELD, Ill., Feb. 2, 2021 /PRNewswire/ 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 products that are offered via an extensive global network of service centers.
“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. “This acquisition is consistent with our strategy of providing our customers expanded offerings and services which will now be one of the broadest in t
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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By Jenny Lescohier02 February 2021 Caterpillar reportedly paid $405 million for Weir Oil & Gas
Caterpillar Inc. has completed its acquisition of Weir Oil & Gas to launch SPM Oil & Gas.
In October, Caterpillar announced its agreement to acquire Weir Oil & Gas for US$405 million from the Weir Group, a Scotland-based global engineering business.