Weir Group To Enhance Well-Service Pump Business With Novatech Purchase

 
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January 25, 2012

Companies in this story

  • The Weir Group Plc
  • Novatech LLC

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Glasgow, U.K.-based The Weir Group Plc plans to acquire Dallas-based Novatech LLC for US$176 million (£113 million) in cash.

Novatech manufactures well-service pump valves and valve seats for upstream oil and gas applications. The company produces a 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 deal will expand Weir's offerings in the frac pump consumables markets and significantly enhances its frac pump aftermarket portfolio.

Weir chief executive Keith Cochrane says, “Novatech is ...


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