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Weir Group to acquire Micromine for £657m

Feb 28, 2025•10 months ago

Acquiring Company

Weir Group plc

Acquired Company

Micromine

GlasgowPerthmining & metalsMiningInformation TechnologySoftware

Description

Weir Group announced an agreement to acquire Micromine for £657 million. The acquisition is expected to close in the second quarter of 2024. The purchase will be funded through existing cash and new debt. Weir anticipates maintaining a net debt-to-EBITDA below 2x by the end of 2025.

Company Information

Company

Weir Group plc

Location

1631 NW Thurman St

Glasgow, Kentucky, United States

About

The Weir Group PLC is a leading engineering company focused on making mining and infrastructure operations more sustainable and efficient. The company provides highly engineered technology and digital solutions to reduce energy, water, and waste usage while lowering the total cost of ownership for its clients. Founded in 1871, Weir operates in over 50 countries.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed