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New Deal


Announced

Completed

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

Financials

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Transaction Value£312m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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pressure pumping

Private

Friendly

United States

Single Bidder

aftermarket services

Domestic

Acquisition

Majority

Engineering Consulting

Completed

Synopsis

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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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