M&A Deal Summary

The Weir Group Acquires Standard Oilfield Services

On July 4, 2008, The Weir Group acquired energy services and equipment company Standard Oilfield Services for 16M USD

Acquisition Highlights
  • This is The Weir Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is The Weir Group’s 10th largest (disclosed) transaction.
  • This is The Weir Group’s 1st transaction in Azerbaijan.

M&A Deal Summary

Date 2008-07-04
Target Standard Oilfield Services
Sector Energy Services and Equipment
Buyer(s) The Weir Group
Deal Type Add-on Acquisition
Deal Value 16M USD

Target

Standard Oilfield Services

Baku, Azerbaijan
Standard Oilfield Services Ltd. privately owned company with its principal operations in Baku, Azerbaijan, is an oil equipment services business, providing an excellent portal to the Caspian region. The company also repairs and maintains drilling and pressure control equipment.

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Buyer(S) 1

Buyer

The Weir Group

Glasgow, United Kingdom

Category Company
Founded 1871
Sector Engineering
Employees11,444
Revenue 2.5B GBP (2024)
DESCRIPTION

The Weir Group is a global engineering solution provider focused 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, Scotland.


DEAL STATS #
Overall 3 of 16
Sector: Energy Services and Equipment M&A 1 of 4
Type: Add-on Acquisition M&A Deals 3 of 16
Country: Azerbaijan M&A 1 of 1
Year: 2008 M&A 2 of 2
Size (of disclosed) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-24 Mesa Manufacturing

Texas, Texas,

Mesa Manufacturing Inc. a family owned business based in Odessa, Texas is a specialist manufacturer of cementing pumps and other products for the oil and gas drilling and well service industries.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-17 Linatex Rubber Products Sdn. Bhd.

Darul Ehasan, Malaysia

Raw Natural Rubber, when vulcanized, exhibits an inherent strength, resilience and toughness that combine to provide excellent abrasion resistant performance, especially in slurry applications. Where Linatex has the edge over our competitors is the unique qualities of our patented Linatex 'liquid phase compounding' process. This procedure enables the natural properties of raw rubber to be better preserved.

Buy $200M