# Caterpillar completes acquisition of Weir Oil & Gas, launches SPM Oil & Gas

Caterpillar completed its acquisition of the Oil & Gas division of Weir Group, which now operates as SPM Oil & Gas near Fort Worth, Texas. The business includes more than 40 global service centers and about 2,000 employees.

- Type: Acquisition
- Announced: 2021-02-02
- Where: Fort Worth, Texas, United States
- Value: $405.0M
- Status: completed
- Products: pumps, flow iron, wellhead and pressure control products, consumable parts
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

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

## Sources

- [investors.caterpillar.com](https://investors.caterpillar.com/news/news-details/2021/Caterpillar-Acquires-Weir-Oil--Gas-Launches-SPM-Oil--Gas/default.aspx), 2021-02-02: "Caterpillar Inc. (NYSE:CAT) has completed its acquisition of the Oil & Gas Division ("Weir Oil & Gas") of the Weir Group PLC"
- [pumps-africa.com](https://pumps-africa.com/caterpillar-inc-acquires-weir-oil-gas-division-2/), 2021-02-03: "Weir Group PLC announced that it has completed the sale of its Oil & Gas division to Caterpillar Inc., the sale for an enterprise value of US $405m, subject to customary working capital and debt-like adjustments."

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