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LONDON - Engineering company Weir Group PLC (LSE:WEIR) has completed its acquisition of Townley Engineering and Manufacturing Co., Inc. and Townley Foundry & Machine Co., Inc. for a sterling equivalent enterprise value of £111 million ($150 million), according to a press release issued Thursday.
The transaction, initially announced on June 18, 2025, brings Townley’s minerals processing equipment manufacturing capabilities under Weir’s control, strengthening the company’s presence in North America and expanding its footprint in the phosphate market.
Townley will be integrated into the North American region of Weir’s Minerals division, enhancing the company’s manufacturing footprint and market channels while expanding its service center network in the region.
Jon Stanton, Weir’s Chief Executive Officer, called Townley "a highly complementary addition" that will enable Weir to "drive further localisation and reduce lead times within our North American markets."
The acquisition is expected to contribute approximately £20 million in revenue for the remainder of 2025, with low double-digit operating profit margins. Despite this additional revenue, Weir stated that its full-year 2025 financial guidance issued on July 31 remains unchanged.
Weir Group, founded in 1871, specializes in engineering solutions for mining and infrastructure operations, with approximately 12,000 employees operating in over 50 countries worldwide.
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