The Service of the Commission for the Protection of Competition has received a notification of a concentration according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition by Caterpillar Inc. of the Oil & Gas division, of The Weir Group PLC.
The Weir Group PLC is a public company duly registered in accordance with the laws of Scotland and it is registered in London’s Stock Exchange. The Weir Group PLC is an engineering solutions provider focused on the minerals, oil and gas markets, as well as in the provision of highly engineered technology for use in mining and infrastructure applications.
Target is this proposed transaction is the Oil & Gas division, of The Weir Group PLC. The Target comprises two business units which are primarily focused on onshore activity at the wellsite: (i) pressure pumping equipment & services; and (ii) pressure control equipment & services. The Target provides products and services which support oilfield services including drilling, well completion, and production operations.
Caterpillar Inc., is a company duly registered in accordance with the laws of the State of Delaware of the U.S.A. Caterpillar Inc., manufactures construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.