Analyst Research

Report Title Price
Provider: Wright Reports
Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Sadif Analytics (Premium)

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Weir Group Plc Completes Acquisition Of Aspir

Thursday, 18 Apr 2013 02:01am EDT 

Weir Group Plc announced that it is expanding its presence in mining and minerals markets through a number of agreements which significantly enhance its platform for growth in the comminution segment of minerals processing, a GBP3 billion global market for crushing, grinding and screening equipment and services. Weir has signed an exclusive and perpetual licence with KHD, giving direct control over the design, manufacture and distribution of High Pressure Grinding Rolls (HPGR) in minerals processing applications using KHD technology. KHD will receive royalty payments on equipment sales. Several KHD technical staff focused on HPGR use in minerals processing will be offered employment with Weir. Weir has completed the acquisition of Aspir, a small Australia-based centrifuge producer with innovative technology. Combined with Weir's existing screens and hydrocyclones portfolio, Aspir centrifuges enable Weir to provide packaged minerals classification solutions. The combined upfront cost of these agreements is GBP7 million with a similar amount expected to be invested over the next three years. 

Company Quote

-17.0 -0.63%
12:12pm EDT