Weir Group Acquires Novatech LLC
Thursday, January 26, 2012
The Weir Group PLC has agreed to acquire Novatech LLC, a
U.S. manufacturer of well service pump valves and valve seats for upstream oil
and gas applications, for $176m in cash.
Based in Dallas, Novatech, a family-owned business, produces
a wide variety of proprietary valves and valve seats for high pressure
applications such as frac, cement and mud pumps used in unconventional upstream
oil and gas operations. The business is
well known to Weir, being a long standing local supplier to Weir SPM. More...