Weir oil com­pletes KOP ac­qui­si­tion for $114m

Daily Trust - - BUSINESS - By Daniel Adugbo

Weir Oil and Gas, a lead­ing up­stream provider of pres­sure pump­ing and pres­sure con­trol equip­ment and ser­vices, has com­pleted its ac­qui­si­tion of KOP Sur­face Prod­ucts, a provider of ad­vanced pres­sure con­trol well­head tech­nolo­gies, sys­tems and ser­vices.

The ac­qui­si­tion, an­nounced in mid June, re­flects Weir’s com­mit­ment to global ex­pan­sion, with a sig­nif­i­cant fo­cus on Asia Pa­cific, the com­pany said in a state­ment.

The value of the ac­qui­si­tion is for an en­ter­prise value of $114 mil­lion.

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