10222018Mon
Last updateFri, 19 Oct 2018 1pm

i

Valve Manufacturing

Weir Group Completes Acquisition of ESCO

The Weir Group PLC has completed the acquisition of ESCO Corporation effective July 12. This follows the announcement on April 19, 2018 of an agreement to acquire ESCO for an estimated enterprise value of just under $1.3 billion.

ESCO will operate as a new division of the Weir Group and will be reported as a separate segment alongside Minerals and Oil & Gas. Following the previous announcement that the Group will initiate a process to sell the Flow Control Division, the results of that division will now be reported as discontinued operations. 

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