Weir exits oil, bolsters mining division
Sees mining as key to a sustainable earth, company's future Metal Tech News – October 7, 2020
Last updated 7/10/2022 at 2:51pm
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.