(Reuters) - LONDON, June 21 - British engineer Weir Group Plc said on Thursday it was buying U.S. SPM Flow Control Inc for $653 million, to cash in on the high level of demand for equipment for hydrocarbon exploration and production.
Weir, which makes pumps for moving minerals, oil and seawater, said Texas-based SPM, which makes high-pressure well service pumps and related flow control equipment, was forecast to have 2007 revenues of $320 million.
Read more at Reuters.com Mergers News
Weir, which makes pumps for moving minerals, oil and seawater, said Texas-based SPM, which makes high-pressure well service pumps and related flow control equipment, was forecast to have 2007 revenues of $320 million.
Read more at Reuters.com Mergers News
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