Weir Group’s oil and gas business has bought KOP Surface Products for $114million.
Weir Oil and Gas said it had acquired the South East Asian supplier of wellheads, surface trees, valves and actuators to strengthen its offering in the region.
Headquartered in Glasgow, Weir Group has bases in Dyce, Aberdeen, and Portlethen which specialise in making pumps, wellheads and valves for the oil sector.
Weir Oil and Gas president Paul Coppinger said: “Since opening the first wellhead manufacturing facility in Dubai’s Jebel Ali Free Zone a short while ago, we have continued to expand our global reach by supporting our customers, no matter where the job takes them.
“Our ability to manufacture products nearby is only part of the equation. We must continue to support customers through the service and products we provide. Acquiring KOP underlines that commitment and strengthens our promise to operators in this vital region.”
Gordon Cameron, chief executive of KOP, which employs 450 people, said: “From a technology, service and talent standpoint, this is an excellent fit and we look forward to our future together as a combined organization. We see this as a substantial opportunity to offer more to our customers and prospects in the region. No doubt, we are stronger together.”
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