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2,496.00    -12.00 (-0.48%)
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Spread: 2.00 (0.08%)
Market Cap: £6.48b
WEIR Live PriceLast checked at - London Stock Exchange

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Acquisition

4 Jul 2008 07:00

RNS Number : 3143Y
Weir Group PLC
04 July 2008
 



4 July 2008

THE WEIR GROUP PLC

ACQUISITION

The Weir Group PLC announces that it has completed the acquisition of a 75% shareholding in Standard Oilfield Services Limited for a cash consideration of 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

This information is provided by RNS
The company news service from the London Stock Exchange
 
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