May 1, 2013
The Weir Group PLC ("Weir") today announces a strategic alliance with Energy Products Inc. (EPI), enhancing and strengthening the supply of Weir pressure pumping aftermarket products and services to the North American unconventional oil and gas markets.
EPI, an Oklahoma-based distributor of pressure pumping products and services has facilities in Oklahoma, Arkansas and Pennsylvania, with a new facility under construction in Texas.
Under the partnership, Weir Oil & Gas becomes a key source of pressure pumping products for EPI which will then be sold through their strong and growing distribution network. As well as supplying some top-tier oilfield service companies, EPI focuses on a broad range of small and medium-sized customers who access a range of products through their network.
The agreement reinforces Weir's leading service presence in North America and enables the leverage of EPI's successful aftermarket services which includes mobile inspection and repair and equipment data tracking.
About The Weir Group PLC
Weir, an FTSE 100 company founded in 1871 and headquartered in Glasgow, Scotland, is a global provider of engineering solutions to the minerals, oil and gas and power sectors. Our commitment to engineering excellence, research and customer focus extends equipment wear life and operational capability in some of the world's most challenging environments.
Weir is committed to going where our customers go, with a worldwide network of around 200 manufacturing facilities and service centres. The business has a presence in more than 70 countries, with over 14,000 staff around the world working in three divisions; Minerals, Oil & Gas and Power & Industrial. Weir's customer base includes the world's largest mining houses, major oil services businesses and nuclear and conventional power generation companies.
Annual revenues were more than £2.5 billion in 2012, of which more than half came from the provision of services and aftermarket support. Emerging markets contributed over forty percent of overall group orders in 2012.See www.weir.co.uk for further information.