M&A Deal Summary

The Weir Group Acquires NovaTech

On January 25, 2012, The Weir Group acquired electrical equipment company NovaTech for 176M USD

Acquisition Highlights
  • This is The Weir Group’s 2nd transaction in the Electrical Equipment sector.
  • This is The Weir Group’s 6th largest (disclosed) transaction.
  • This is The Weir Group’s 3rd transaction in the United States.
  • This is The Weir Group’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2012-01-25
Target NovaTech
Sector Electrical Equipment
Buyer(s) The Weir Group
Deal Type Add-on Acquisition
Deal Value 176M USD

Target

NovaTech

Pennsylvania, Pennsylvania, United States
website
NovaTech have been making process industries and power grids more reliable, efficient, and secure for over three decades. From utility substations to plastics, steel, chemicals, pharmaceuticals, food and beverage, and nascent alternative energy applications, NovaTech customers provide the energy and materials that the world depends on. NovaTech is proud in turn to provide the products and services that they rely on to do their jobs. Bitronics® Instruments, the D/3® Distributed Control System, and the Orion Substation Automation Platform are Best-in-Class measurement, communication and control technologies used extensively by electrical utilities and Fortune 100 process manufacturers around the world.

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Buyer(S) 1

Buyer

The Weir Group

Glasgow, United Kingdom

website

Category Company
Founded 1871
Sector Engineering
Employees11,000
Revenue 1.9B GBP (2021)
DESCRIPTION

The Weir Group is a global engineering solution provider, we focus on designing, manufacturing and supplying innovative products and expert engineering services for the minerals, oil & gas, and power & industrial markets. The Weir Group was founded in 1871 and is based in Glasgow, the United Kingdom.

DEAL STATS #
Overall 10 of 16
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 10 of 16
State (Pennsylvania) 2 of 2
Country (United States) 3 of 7
Year (2012) 1 of 2
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-23 Seaboard International

Houston, Texas, United States

Seaboard International, Inc. is a wellhead solutions provider that manufactures proprietary, highly engineered wellhead and pressure control equipment. Seaboard also offers related critical field service, equipment repair and frac tree rental.

Buy $675M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-20 Mathena

El Reno, Oklahoma, United States

We provide a complete line of mud-gas pressure control solutions – from hydraulic drilling chokes and high volume mud-gas separators, to vent line igniters and more.Our mission is to provide superior quality mud-gas pressure solutions – supported by outstanding customer service – that enable greater efficiencies for our customers.

Buy $240M
Mergr

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