# Weir Group to acquire ESCO Corporation for US$1,285m

Weir Group agreed to acquire US surface mining parts maker ESCO Corporation in a cash and share deal valued at US$1,285 million, announced on 19 April 2018. The transaction is expected to complete early in Q3 2018.

- Type: Acquisition
- Announced: 2018-04-19
- Value: $1.28B
- Status: announced
- Products: surface mining wear parts, pumps, valves
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Weir Group](https://endata.com/companies/797.md) (acquirer)
- [Weir Group](https://endata.com/companies/797.md) (partner)
- [ESCO Corporation](https://endata.com/companies/3179.md) (target)

## Sources

- [global.weir](https://www.global.weir/newsroom/global-news/weir-announces-us$1285m-acquisition-of-esco-corporation-and-intention-to-sell-flow-control--division/), 2018-04-19: "Today we are announcing an important development of our portfolio as we focus on building on our core strengths in minerals and oil and gas."
- [bbc.com](https://www.bbc.com/news/uk-scotland-scotland-business-43822497), 2018-04-19: "Scottish engineering giant Weir Group has agreed to buy US mining tools producer Esco in a cash and share deal worth just over $1bn (£740m)."
- [mining-technology.com](https://www.mining-technology.com/news/weir-group-acquires-mining-parts-manufacturer-esco-1-05bn/), 2018-04-20: "UK-based engineering firm Weir Group ... has signed an agreement to acquire US mining equipment parts manufacturer Esco for an equity value of $1.05bn."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.