# Caterpillar agrees to acquire Weir Oil & Gas division for $405 million

Caterpillar signed an agreement to acquire the Oil & Gas division of Scotland-based Weir Group for $405 million in cash, pending shareholder and regulatory approval. The division is headquartered in Fort Worth, Texas.

- Type: Acquisition
- Announced: 2020-09-10
- Where: Fort Worth, Texas, United States
- Value: $405.0M
- Status: announced
- Products: pressure pumping equipment, flow iron, wellhead and pressure control products, consumable parts
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Weir Group](https://endata.com/companies/797.md) (partner)
- [Weir Group](https://endata.com/companies/797.md) (target)
- [Caterpillar](https://endata.com/companies/1968.md) (acquirer)

## Sources

- [powerinfotoday.com](https://www.powerinfotoday.com/wind-energy/caterpillar-signs-agreement-to-acquire-weir-oil-gas/), 2020-09-10: "The purchase price of $405 million is to be paid in cash at closing."
- [caterpillar.com](https://www.caterpillar.com/en/news/corporate-press-releases/h/caterpillar-weir-oil-gas.html), 2020-10-05: "The purchase price of $405 million is to be paid in cash at closing."
- [prnewswire.com](https://www.prnewswire.com/news-releases/caterpillar-signs-agreement-to-acquire-weir-oil--gas-301145431.html), 2020-10-05: "The purchase price of $405 million is to be paid in cash at closing."
- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/21196713/caterpillar-to-buy-weir-oil-gas-for-405m), 2020-10-05: "Caterpillar Inc. has signed an agreement to acquire the Oil & Gas Division (Weir Oil & Gas) of the Weir Group PLC, a Scotland-based global engineering business."

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