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Access the Global Intranet: http://global.weirintranet.com ACQUISITION UPDATE


Weir welcomes Seaboard International


SEABOARD’S EQUIPMENT IS


USED AT EVERY STAGE OF THE WELL CYCLE, MEANING THAT WEIR SEABOARD EMPLOYEES WILL TOUCH A WELL SITE 6 - 7 TIMES ACROSS ITS OPERATING LIFE


Seaboard International is a leading provider of wellhead solutions


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ntegration efforts are well underway at Seaboard International, which joined Weir in December 2011 in the Group’s largest acquisition to date. Now Weir Seaboard, this


Houston-based leading provider of wellhead solutions was established in 1974 and employs around 400 people across its 26 North American locations. Weir’s integration process is effective and well-established, with the activities underway at Seaboard similar to those that took place when the Group purchased Weir SPM. Weir and Seaboard management have assessed the steps to take to ensure a smooth transition to the


Group, with a focus on fi nancial processes, safety and branding. Seaboard has grown in the North American oil


and gas sector through customer focus and its fl exible, local manufacturing and engineering base which enables operational responsiveness. The acquisition will contribute strongly to the


Group’s growth plans. Weir Seaboard increases the contribution from the high-growth North American unconventional upstream oil and gas markets and its product portfolio broadens the Group’s surface equipment presence beyond pressure pumping. Seaboard’s equipment is used at every stage of the well cycle, meaning that Weir Seaboard employees will touch a well site 6 -7 times across its operating life, building market intelligence and growing Weir’s profi le with


end user E & P companies as well as the service companies already served by Weir SPM. Weir Seaboard is also well placed to grasp new opportunities. Growth of Seaboard’s product range for conventional and unconventional applications can be driven through Weir’s international network and the combination of Weir’s products and Seaboard’s fi eld service capabilities will open up new adjacent markets. The existing North American service network will also enable full coverage of the market for Seaboard’s ‘frac tree’ rental – a specialist wellhead used in hydraulic fracturing operations. Seaboard enters 2012 on the back of strong


growth in revenues – and as a new member of the Weir family, with a larger platform to maintain its momentum.


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