4th 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
Related Shares:
Weir Group