Caterpillar acquires Weir Oil & Gasolineadmin
Headquartered close to Fort Price, Texas, Weir Oil & Gasoline produces a full line of pumps, movement iron, consumable components, wellhead and strain management merchandise which might be serviced by way of an in depth world community of service facilities situated close to buyer operations.
“Combining Weir Oil & Gasoline’s established strain pumping and strain management portfolio with Cat’s engines and transmissions allows us to create further worth for purchasers,” stated Joe Creed, Vice President of Caterpillar’s Oil & Gasoline and Marine Division. “This acquisition will develop our choices to one of many broadest product strains within the nicely service business.”
The transaction consists of greater than 40 Weir Oil & Gasoline manufacturing and companies places and roughly 2,000 staff.
“We’re happy to have reached this settlement. Caterpillar is a good new house for Weir Oil & Gasoline, its world-class individuals, services and products,” stated Jon Stanton, Weir Group CEO. “It would allow Weir Oil & Gasoline to proceed to flourish, making certain the enterprise stays on the forefront of innovation and customer support sooner or later.”