# Weir completes acquisition of remaining 50% stake in ESEL

Weir Group completed the acquisition of the remaining 50% share of its Chile-based joint venture ESCO Elecmetal Fundición Limitada (ESEL), a manufacturer of ground engaging tools, strengthening its presence in South America.

- Type: Acquisition
- Announced: 2023-05-25
- Where: Chile, Chile
- Status: completed
- Products: ground engaging tools
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Weir Group](https://endata.com/companies/797.md) (acquirer)
- [ESCO Elecmetal Fundición Limitada](https://endata.com/companies/70481.md) (target)

## Sources

- [www-proxy.stockopedia.com](https://www-proxy.stockopedia.com/share-prices/weir-LON:WEIR/news/reg-weir-group-plc-weir-completes-acquisition-of-esel-urn:newsml:reuters.com:20260303:nRSC0156Va/), 2023-05-25: "We are delighted to formally welcome ESEL into Weir following a long and successful partnership with Elecmetal."

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