The Weir Group, a FTSE 100 listed industrial engineer, has completed the acquisition of the wellhead solutions provider Seaboard Holdings for $675m.
The transaction was paid in cash and funded from new and existing bank facilities.
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Weir has previously said that it believes that "Seaboard's range of high-end surface equipment is directly adjacent to Weir's market leading portfolio of frac pumps and other well completion equipment."
NR/BS
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