Akastor agrees to sell KOP Surface Products to Weir Group for $114M

Akastor ASA agreed to sell KOP Surface Products, a Singapore-based supplier of wellheads, trees, valves and actuators, to The Weir Group for USD 114 million on a debt- and cash-free basis. Closing is expected in Q3 2017.

“Akastor ASA has entered into a definitive agreement to sell KOP Surface Products to The Weir Group PLC for USD 114 million on a debt- and cash-free basis.”akastor.com

• 3 sources
• akastor.comAkastor ASA: Akastor agrees to sell KOP Surface Products to The Weir…Jun 12, 2017
• energyvoice.comWeir Group snaps up Singapore rival for £89m - News for the Energy SectorJun 13, 2017
• worldpumps.comPumps Mergers & Acquisitions Review: Q2 2017 - World PumpsJul 18, 2017

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