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M&A Deal Summary

The Weir Group Acquires H.I.M Tech

On June 22, 2011, The Weir Group acquired manufacturer H.I.M Tech

Acquisition Highlights
  • This is The Weir Group’s 2nd transaction in the Manufacturing sector.
  • This is The Weir Group’s 1st transaction in South Korea.

M&A Deal Summary
Date 2011-06-22
Target H.I.M Tech
Sector Manufacturing
Buyer(s) The Weir Group
Deal Type Add-on Acquisition

Target

H.I.M Tech

Danwon-gu Ansan-si Gyeonggi-do, South Korea
We are working hard to manufacture and supply the most reliable valve products for various service environments through our technical collaboration with numerous companies throughout the world including 'WEIR VALVE & CONTROL' which is recognized as a world's best company for its long years of experience and accumulated technology. The performance of our products are well recognized in many areas such as nuclear power plants, power generation facilities, fresh water business, environment facilities and petrochemical businesses. In addition, we are developing and manufacturing multi-spring diaphragm actuators and pneumatic rotary actuators whose qualities are well recognized in overseas markets.

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Buyer(S) 1

Buyer

The Weir Group

Glasgow, United Kingdom
Category Company
Founded 1871
Sector Engineering
Employees12,391
Revenue 2.6B GBP (2023)
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, United Kingdom.

DEAL STATS #
Overall 8 of 16
Sector (Manufacturing) 2 of 3
Type (Add-on Acquisition) 8 of 16
Country (South Korea) 1 of 1
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-21 Ynfiniti Engineering Services S.L.

Spain

Ynfiniti Engineering Services S.L. (WEIR YES) springs up with the object to make renewable and sustainable energies a real option. Our company is specialized in planning, management and commissioning of all necessary resources within the field of renewable energy, consolidating our position as experts in the sectors of wind, solar photovoltaic and thermo solar energies.

Buy -
FOLLOWING 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
Mergr

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