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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

 

Last updated 7/10/2022 at 2:51pm

Weir transitions to premium mining technology products services company

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.

"We are...



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