Caterpillar To Acquire Weir Oil & Gas

By DJ Slater05 October 2020

Caterpillar Inc. signed an agreement to acquire the oil & gas division of the Weir Group PLC, a Scotland-based global engineering business. Headquartered near Fort Worth, Texas, Weir Oil & Gas produces pumps, flow iron, consumable parts, wellhead and pressure control products that are serviced via a global network of service centers.

In February, the Weir Group PLC, founded in 1871, announced its intention to sell the oil & gas division to become a mining technology pure play providing engineered solutions from extraction through to concentration and tailings management.

“Combining Weir Oil & Gas’ established pressure pumping and pressure control portfolio with Cat’s engines and transmissions enables us to create additional value for customers,” said Joe Creed, vice president of Caterpillar’s Oil & Gas and Marine Division. “This acquisition will expand our offerings to one of the broadest product lines in the well service industry.”

The transaction, US$405 million, includes more than 40 Weir Oil & Gas manufacturing and services locations and 2000 employees. As to how this acquisition will impact its Black Horse LLC pump joint venture, Caterpillar said it would release no further information until after the Weir acquisition closes. In 2012, Caterpillar and Ariel Corp. announced Black Horse, a 50-50 joint venture to provide well service pressure pumping products for the oil and gas industry. At that time, Black Horse also announced the acquisition of reciprocating pressure pump manufacturer ProSource of Houston, Texas.

Delivered directly to your inbox, Diesel Gas & Turbine News; News features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Jack Burke Senior Editor, Diesel Gas Turbine Tel: +1 262 754 4150 E-mail:
Gabriele Dinsel Sales Manager Tel: +49 711 3416 74 71 E-mail:
Latest News
Berg To Lead Cat’s Pleasure Craft Segment
Will be will be responsible for Caterpillar’s global pleasure craft & yachting activities.
2021 Marine Propulsion Survey
Diesel & Gas Turbine Worldwide’s Marine Propulsion Order Survey is part three of three reports designed to provide details on the markets of large reciprocating engines, steam turbines and gas turbines used in power generation, mechanical drive and marine propulsion applications.
Big scrubber delivery from Andritz
Largest ever at Chengxi shipyard, company says