Glasgow-based Weir Group has revealed plans to purchase oil and gas technology supplier, KOP Surface Products.

The deal is worth £89.8 million and will see Weir acquire the Singapore-based business in the third quarter of 2017.

KOP employs 450 people and is a provider of wellheads, surface trees, valves, actuators and aftermarket services for the oil and gas industry.

Headquartered in Singapore, the company also 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.

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KOP's current management team will continue to lead the business, reporting into Weir's Oil & Gas division.

Paul Coppinger, Weir Oil & Gas President, said: "We've admired KOP for some time. They have great technology and really strong customer relationships in attractive markets. Weir Oil & Gas is already a global leader in pressure pumping and through this acquisition we'll be able to expand our pressure control offering even further, building on Weir's traditional strengths in North America and the Middle East."

Gordon Cameron, Chief Executive of KOP Surface Products, said: "We are delighted to be joining Weir Oil & Gas. This means we will be able to better serve our customers by benefiting from being part of one of the world's leading engineering businesses with a strong record of investing in innovative technology and customer service."

(LM/MH)