business in brief

摘要

Weir Group has agreed to acquire Novatech, a US manufacturer of well service pump valves and valve seats for upstream oil and gas applications, for $176m (£113m) in cash. Subject to US regulatory approvals, completion of the acquisition is expected this month. ABB has won orders worth more than $250m (£150m) from the Saudi Electricity Company to construct substations and reinforce existing ones. One of the gas-insulated switchgear substations will facilitate the . transmission of an additional 2.000MW of electricity from a gas-fired power plant.