4 Jul 2008 07:00

4Ā JulyĀ 2008
THE WEIR GROUP PLC
ACQUISITION
The Weir Group PLC announces that it has completed the acquisition ofĀ aĀ 75% shareholding inĀ Standard OilfieldĀ ServicesĀ LimitedĀ for a cash consideration ofĀ c$16million.
Standard Oilfield Services Limited, a privately owned company with its principal operations in Baku, Azerbaijan, is an oil equipment services business, providing an excellent portal to the Caspian region. The company has expected current year sales of over $12million.
This business will become part of Weir Oil & Gas Division.
Contact:
Helen Walker
The Weir Group PLC
Tel. 0141 637 7111
Mobile: 07789 032 296
Follow the stocks