By Shane Lasley
Metal Tech News
Weir exits oil, bolsters mining division
Sees mining as key to a sustainable earth, company's future Metal Tech News – October 7, 2020
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Last updated 7/10/2022 at 2:51pm
Weir Group PLC
A Weir Group employee at the Yara Siilinjärvi mine in Finland.
Towards its strategic transformation into a premium mining technology products and services company, Weir Group PLC Oct. 5 announced it is selling its entire oil and gas division to Caterpillar Inc. for US$405 million in cash. Combined with its sale of its downstream oil and gas division in 2019, the Caterpillar transaction will complete Weir's strategic exit from the petroleum sector.
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