REG - Weir Group PLC - Weir to acquire ESEL
Weir Group PLC has agreed to acquire the remaining 50% of its Chile-based joint venture, ESEL, for £56m. This acquisition aims to strengthen Weir's manufacturing capabilities and market presence in South America, particularly in the mining sector. The deal supports Weir's go-direct strategy and is expected to complete in Q1 2026. It will be financed from existing debt facilities without impacting Weir's net debt guidance. The acquisition will enhance Weir's ability to serve customers and optimize its manufacturing footprint globally.
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