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Feb 25, 2019ACQUISITIONUnited Kingdom First Reserve to acquire Weir Flow Control from The Weir Group for £275M
First Reserve agreed to buy Weir Flow Control, a maker of engineered valves and pumps, from The Weir Group PLC in a £275 million deal. Closing is expected in the second quarter of 2019, subject to antitrust approvals.
Value
$360.0M (275.0M GBP)
Productsengineered valvescentrifugal pumpspressure relief valvesaftermarket parts
“£275 million acquisition of a provider of engineered valves and pumps in the global energy and industrial sectors”privateequityinternational.com
- 6 sources
- privateequityinternational.comFirst Reserve to buy Weir Flow ControlFeb 25, 2019
- prnewswire.comFirst Reserve Signs Agreement To Acquire Weir Flow Control, A Subsidiary Of The Weir Group PLCFeb 25, 2019
- altassets.netFirst Reserve agrees two deals in less than a week in Weir Flow Control, Refuel buyouts - AltAssets Private Equity NewsFeb 25, 2019
- peprofessional.comFirst Reserve Carves-Out Weir Flow ControlFeb 26, 2019
- valve-world.netWeir Group agrees on the sale of Flow Control division - Valve WorldMar 3, 2019
Summarized from public sources; check the original articles before acting on it.
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