Weir oil completes KOP acquisition for $114m

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Weir Oil and Gas, a leading upstream provider of pressure pumping and pressure control equipment and services, has completed its acquisition of KOP Surface Products, a provider of advanced pressure control wellhead technologies, systems and services.

The acquisition, announced in mid June, reflects Weir’s commitment to global expansion, with a significant focus on Asia Pacific, the company said in a statement.

The value of the acquisition is for an enterprise value of $114 million.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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