Weir Group to acquire Motion Metrics for £89m.

Weir Group, a Scottish multinational engineering company, agreed to acquire Motion Metrics, a mining technology company, for £89m. “The combination of Weir and Motion Metrics will be extremely powerful and reflects our ambition to play a leading role in mining’s technology transformation. Motion Metrics not only provides access to innovative and highly relevant technology that will accelerate growth in our ESCO division, but it also brings world-class expertise in AI, rugged 3D Machine Vision technology and data science that is applicable across the Group. This acquisition is fully aligned with our strategy and our commitment to grow ahead of our markets, expand our margins and significantly reduce our customers’ environmental footprint," Jon Stanton, Weir Group CEO.