The Weir Group today announces changes to its Group Executive including two new appointments that strengthen Weir’s focus on sustainability and technology.
Paula Cousins will become Chief Strategy and Sustainability Officer. Garry Fingland will also join the Group Executive as Chief Information Officer with responsibility for Group-wide information and technology systems including the Group’s digital products.
Weir Flow Control has changed its name to Trillium Flow Technologies. This change follows the completion of the sale of The Weir Group’s Flow Control division to First Reserve.
First announced last year, The Weir Group sold the Flow Control division to First Reserve, a global private equity investment firm focused exclusively on energy, for an enterprise value of £275 million, according to the February 2019 press release.
The Weir Group announced that it has entered into an agreement to sell its Flow Control division to First Reserve, a global private equity investment firm focused exclusively on energy, for an enterprise value of £275m, payable in cash and subject to customary working capital and debt-like adjustments at closing. The transaction remains subject to certain regulatory and other approvals, with completion expected in the second quarter of 2019.
GLASGOW, Scotland - The Weir Group PLC has completed the acquisition of ESCO Corporation on July 12.
This follows the announcement in April of an agreement to acquire ESCO, the world’s leading provider of ground engaging tools for surface mining and infrastructure, for an estimated enterprise value of $1.285 million.
Weir Oil & Gas will acquire KOP Surface Products for an estimated $114 million, the company announced this week.
Singapore-based KOP Surface Products designs and manufactures wellheads, surface trees, valves, actuators and aftermarkets services. KOP employs 450 people in eight countries.
According a Weir release, KOP's management ream will remain on board after the acquisition, reporting into Weir's Oil & Gas Division.
GLASGOW, Scotland (March 8, 2017)—Weir announced the appointment of Rosemary McGinness to its Group Executive as Chief People Officer (CPO).
She will succeed current CPO Pauline Lafferty, who will leave Weir after six years’ service in the summer.
GLASGOW, Scotland (Feb. 22, 2017)—The Weir Group PLC has appointed Geetha Dabir to its Group Executive in the new position of chief technology officer.
An electrical and software engineer, Dabir has held a number of leadership roles with Intel Corporation and Cisco Systems Inc., according to a statement from Weir Group. The company said she brings a wealth of electrical and digital experience that will support Weir's technology strategy.
GLASGOW, Scotland (Jan. 23, 2017)—The Weir Group PLC has decided to relocate its Michigan-based Delta Industrial valves manufacturing operations to an existing manufacturing facility in St. Louis, Missouri, according to a statement from the company.
The move will commence in June 2017.
GLASGOW, Scotland (Jan. 12, 2017)—The Weir Group PLC has appointed David Paradis to its group executive as president of the Weir Flow Control Division, effective Jan. 23, 2017, according to a statement from the company.
HELSINKI, Finland (June 23, 2016) — Wärtsilä, a global leader in complete lifecycle solutions for the marine and energy markets, announced that it has acquired the U.S.- and Canada-based company Weir American Hydro from the Weir Group plc. Ownership of the company will be transferred to Wärtsilä effective June 30, 2016.
MADISON, Wis. (July 9, 2015) – The Weir Group PLC has agreed to acquire Delta Industrial Valves Inc., a U.S.-based manufacturer of knife gate valves for the mining, oil sands and other industrial markets, for an enterprise value of up to US$47 million. Based in Niles, Michigan, Delta employs approximately 70 people and generated EBITDA of approximately US$6.2 million over the last twelve months.
GLASGOW, Scotland (Feb. 20, 2013) – The Weir Group PLC has extended its presence and capabilities in global mining and oil sands markets with the acquisition of a leading Canadian based manufacturer of wear resistant linings. In addition, Weir’s cost supply chain strategy has been advanced with the acquisition of a Malaysian foundry and agreement to acquire a heavy bay foundry in South Africa.
