# 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.

- Type: Acquisition
- Announced: 2017-06-12
- Where: Singapore, Singapore
- Value: $114.0M
- Status: announced
- Products: surface wellheads, trees, valves, actuators
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Weir Group](https://endata.com/companies/797.md) (acquirer)
- [Akastor](https://endata.com/companies/1565.md) (partner)
- [KOP Surface Products](https://endata.com/companies/1566.md) (target)

## Sources

- [akastor.com](https://akastor.com/news/akastor-asa-akastor-agrees-to-sell-kop-surface-products-to-the-weir-group-plc), 2017-06-12: "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."
- [energyvoice.com](https://www.energyvoice.com/oilandgas/141818/weir-group-snaps-singapore-rival-89m/), 2017-06-13: "Weir Oil and Gas said it expected the acquisition of KOP Surface Products, which employs 450 people, to go through in the third quarter of 2017."
- [worldpumps.com](https://www.worldpumps.com/content/news/pumps-mergers-acquisitions-review-q2-2017), 2017-07-18: "The Weir Group plc is acquiring oil and gas technology provider KOP Surface Products from Norway's Akastor ASA for US$114 million in cash."

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