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Bids, Mergers and Takeovers

Weir Group acquires KOP for $114m

12 June 2017 07:20

The Weir Group has entered into an agreement to acquire Singapore-headquartered KOP Surface Products for $114m cash.

KOP is a provider of advanced surface pressure control technologies, systems and services for the oil and gas industry.

The business was being acquired from Akastor ASA, a Norwegian-listed investor in oilfield services.

KOP employed about 450 people and designs and manufactures wellheads, surface trees, valves, actuators and aftermarket services.

Story provided by StockMarketWire.com

Related Company: WEIR

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