Weir Oil & Gas acquires KOP Surface Products
10 August 2017
Weir Oil & Gas, a leading upstream provider of pressure pumping and pressure control equipment and services, recently announced it has completed its acquisition of KOP Surface Products, a provider of advanced pressure control wellhead technologies, systems and services. The value of the acquisition is for an enterprise value of USD $114 million.
KOP is a provider of wellheads, surface trees, valves, actuators and aftermarket services for the oil and gas industry. The business is headquartered in Singapore and has a manufacturing facility in Batam, Indonesia.
“From a technology, service and talent standpoint, this is an excellent fit and we look forward to our future together as a combined organization,” said Gordon Cameron, Chief Executive of KOP Surface Products.