In a further sign of consolidation in the oil and gas industry value chain and in an attempt to expand its portfolio and offerings to the industry, CAT announced it will buy Weir’s oil and gas business division: “Combining Weir Oil & Gas’s established pressure pumping and pressure control portfolio with Cat’s engines and transmissions enables us to create additional value for customers,” Caterpillar VP for Oil & Gas and Marine Division Joe Creed said.
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