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Weir Group Acquires Novatech LLC

Thursday, January 26, 2012  
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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...

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