Caterpillar completed the acquisition of Weir Oil & Gas for $405m.

Caterpillar, a provider of machinery, engines and financial products, completed the acquisition of Weir Oil & Gas, a division of the Weir Group, the Scotland-based global engineering business, for $405m. "Combining Weir Oil & Gas's established pressure pumping and pressure control portfolio with Cat's engines and transmissions enables us to create additional value for customers. This acquisition will expand our offerings to one of the broadest product lines in the well service industry," Joe Creed, Caterpillar Oil & Gas and Marine Division Vice President.