LONDON, UK: The Weir Group has completed the acquisition of Carriere Industrial Supply Limited (CIS), a premier manufacturer and distributor of highly engineered wear parts and aftermarket service provider to the Canadian mining industry. Its products, which include mining buckets and lip systems, help customers increase productivity through reduced downtime and improved safety. The enterprise…
All posts tagged Weir Group
Weir Group completes sale of oil & gas to Caterpillar Inc.
LONDON: The Weir Group PLC has completed the sale of its Oil & Gas division to Caterpillar Inc., a news release said. The sale, for an enterprise value of $405m, subject to customary working capital and debt-like adjustments, was first announced on 5 October 2020 and approved by Weir Shareholders on 23 November 2020. Since…
Weir Group secures £100m order for Australian magnetite iron ore project
SYDNEY: The Weir Group, one of the world’s premium providers of highly engineered mining equipment and services, has been awarded a £100 million order to provide industry-leading energy saving solutions to the Iron Bridge Magnetite Project, a joint venture between Fortescue Metals Group Ltd subsidiary FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd.…