Tagged: Weir
The Weir Group has entered into an agreement to sell its Flow Control division to First Reserve, a global private equity investment firm focused exclusively on energy, for an enterprise value of £ 275 million.
The Weir Group is close to selling its Flow Control unit for more than $390 million, Reuters reports.
Reuters reports : Weir has launched the sale of its flow control business in a move that could value the supplier of pumps and valves at more than 300 million pounds ($389 million)
Weir Valves & Controls UK is delighted to confirm the design and build of one of the largest ever tungsten carbide control valves ? designed to tackle the issues associated with black powder.
Weir has entered into a binding agreement to acquire ESCO Corporation ("ESCO"), a US company based in Portland, Oregon, for an equity value of USD 1,051m and an estimated enterprise value of USD 1,285m. Weir also� intend to initiate a process to sell Flow Control to reallocate capital to build further on core platforms.