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Caterpillar (CAT) Reports Agreement to Acquire Oil & Gas Unit from Weir Group for $405M

October 5, 2020 5:50 AM EDT

Caterpillar Inc. (NYSE: CAT) has signed an agreement to acquire the Oil & Gas Division ("Weir Oil & Gas") of the Weir Group PLC, a Scotland-based global engineering business. Headquartered near Fort Worth, Texas, Weir Oil & Gas produces a full line of pumps, flow iron, consumable parts, wellhead and pressure control products that are serviced via an extensive global network of service centers located near customer... More