Announced
Completed
Financials
Tags
pressure pumping
Private
Friendly
United States
Single Bidder
aftermarket services
Domestic
Acquisition
Majority
Engineering Consulting
Completed
Synopsis
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.
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