Weir Group Acquires Metra Equipment Inc.
EDMONTON, Alberta--(BUSINESS WIRE)--The Weir Group PLC has acquired Metra Equipment Inc. (Metra), a wellhead supplier based in Saskatchewan, Canada, for an undisclosed consideration. The company will be part of Seaboard, a business of Weir Oil & Gas’ Pressure Control Segment.
“We have spent much of the last few months getting to know the Weir management team and have visited the Weir Seaboard – Edmonton facility. We have been very impressed with the Weir management team and their capabilities.”
Metra is a niche provider of wellhead equipment and services located in Estevan, southern Saskatchewan (Canadian Bakken). The company sells, services and rents new and remanufactured wellhead, valve and frac tree equipment. Since its inception in 2007, the business has experienced strong growth and is now number two in its markets.
Seaboard in Canada is a leading provider of wellhead equipment, frac rental and field services to the oil and gas industry in Western Canada. Based in Edmonton, the business has service locations in Grande Prairie, Fort St. John, Red Deer, Lloydminster and a technical sales office in Calgary.
Cameron Smith, General Manager, Weir Seaboard Canada, said: “Metra is a well-respected provider of wellhead equipment to the oil and gas markets in Canada. We value the strong customer relationships and the reputation for flexibility, responsiveness, on-time-delivery, quality and reliability that the company has built up over the years. This acquisition creates opportunities to accelerate the growth of both businesses and expand our customer relationships.”
Burt Blondeau of Metra said: “The acquisition will allow us to expand our product offering and increase our service capabilities by leveraging Weir’s growing Oil & Gas service footprint. We believe this will help enhance our customer offering.”
Lyle Grube of Metra added: “We have spent much of the last few months getting to know the Weir management team and have visited the Weir Seaboard – Edmonton facility. We have been very impressed with the Weir management team and their capabilities.”
Weir Oil & Gas
Weir Oil & Gas, a division of The Weir Group PLC, is the leading supplier of pressure pumping equipment to the North American upstream oil and gas market. The division also provides superior products and service solutions to Oil & Gas customers in production, transportation, refining and related industries. Upstream products include pressure pumping equipment and services from SPM, Mesa and Novatech. Seaboard and Mathena provide pressure control products and rental services. Downstream products include API 610 pumps & spare parts for refining and petrochemical industries from Gabbioneta. Engineered mechanical and rotating equipment repairs and upgrades, oilfield and drilling equipment repair and certification, spares parts including asset management and field services are delivered globally by Weir Oil & Gas Services. The Weir Oil & Gas division is headquartered in Fort Worth, Texas. Find out more at weirinaction.com.
The Weir Group is one of the world’s largest engineering companies, employing more than 15,000 people and operating in 70 countries. It serves oil and gas, minerals and power end markets. Founded in 1871, Weir has more than 200 manufacturing and service facilities globally. At the heart of the Group’s strategy is a commitment to innovation, collaboration, value chain excellence and global capability. Weir’s mission is to be wherever and whenever our global energy and resource customers need us, delivering innovative products and services and becoming their trusted partner of choice.