Esco going to Weir in $1.3B deal

GROUND engaging tools specialist Esco Corporation is being bought by Weir Group for $US1.285 ($A1.65) billion in a cash and scrip deal.

Esco going to Weir in $1.3B deal Esco going to Weir in $1.3B deal Esco going to Weir in $1.3B deal Esco going to Weir in $1.3B deal Esco going to Weir in $1.3B deal

Esco makes a range of ground engaging tools.

The deal is part of Weir Group's intention to better focus its efforts to position itself as a mining services provider with mission critical solutions from extraction to concentration.