Weir Group is set to acquire a Chinese rock crushing company as part of plans to boost its share of the mining market, following its failed bid for Finnish rival Metso this year.
The Glasgow-based engineer, which manufactures valves and pumping equipment for miners and oil and gas companies, said it would buy Shanghai-based Trio for an enterprise value of £138m from Kuala Lumpur-based private equity company Navis Capital.
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