Weir Group Acquires Novatech LLC
The Weir Group PLC has agreed to acquire Novatech LLC, a U.S. manufacturer of well service pump valves and valve seats for upstream oil and gas applications, for $176m in cash.
Based in Dallas, Novatech, a family-owned business, produces a wide variety of proprietary valves and valve seats for high pressure applications such as frac, cement and mud pumps used in unconventional upstream oil and gas operations.
Source: Weir Group
