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Directorate & Company Secretary change
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Interim Management Statement for the period 31 December 2011 to 8 May 2012
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Our new products presentation can be downloaded here
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The Oil & Gas division of the Weir Group PLC (Weir) today launches five new products, in line with its strategy of being an innovative supplier to the upstream oil and gas markets. The new products broaden its portfolio, expanding its addressable market by over US$500m. They include the Duralast™ patent-pending fluid end technology. The products will launch at the Offshore Technology Conference in Houston, Texas, the world’s foremost event for drilling, exploration and production technology.
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The Weir Group PLC (“Weir”) notes the decision by the Review Panel of the Australian Takeovers Panel to uphold the declaration and orders of the Initial Panel (“the Panel”). The Panel found FLSmidth & Co. A/S (“FLS”) caused “unacceptable circumstances” by failing to immediately correct the statements in an article published on Reuters, on 23 January 2012 relating to its initial A$7.20 per share proposal for Ludowici Limited (“Ludowici”).
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The Weir Group PLC, a global engineering solutions provider to the mining, oil & gas and power markets, today reports its preliminary results for the 52 week period ended 31 December 2011
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Weir confirms binding offer to acquire Australian mining equipment supplier Ludowici at A$10.00 per share.
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The Weir Group PLC today announces the issue of US$1bn of seven year (US$210m), ten year (US$590m) and 11 year (US$200m) senior unsecured fixed rate notes at an average interest rate of 4.16%.
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Weir confirms indicative proposal to acquire Australian mining equipment supplier Ludowici
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Weir targets additional aftermarket growth in upstream oil and gas markets.
The Weir Group PLC (“Weir”) has agreed to acquire Novatech LLC, a US manufacturer of well service pump valves and valve seats for upstream oil and gas applications, for US$176m (£113m1) in cash.
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