Acquisition

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. [phone]

Mobile: [phone]

 

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