Weir Oil & Gas has completed its US$114 million acquisition of KOP Surface Products that was announced in mid-June. It is part of Weir’s global expansion with a significant focus on Asia Pacific.
“Since opening the first wellhead manufacturing facility in Dubai’s Jebel Ali Free Zone a short while ago, we have continued to expand our global reach by supporting our customers, no matter where the job takes them. Acquiring KOP underlines that commitment and strengthens our promise to operators in this vital region," said Paul Coppinger, Weir Oil & Gas president.
KOP has a long history and leading market positions in South East Asia, with a strong emerging business in the Middle East. The business is headquartered in Singapore and has a manufacturing facility in Batam, Indonesia, in addition to a network of sales and service offices in Malaysia, Thailand, Vietnam, Qatar, UAE, Saudi Arabia and India.
KOP's current management team will continue to lead the business, reporting into Weir’s Oil & Gas division. Gordon Cameron will continue to serve as president and report into Paul Coppinger.
“From a technology, service and talent standpoint, this is an excellent fit and we look forward to our future together as a combined organization. We see this as a substantial opportunity to offer more to our customers and prospects in the region. No doubt, we are stronger together,” said Gordon Cameron, chief executive of KOP Surface Products.