The Weir Group
The Weir Group is a Glasgow-based FTSE 100 mining technology company that designs, manufactures, and services slurry pumps, mill liners, hydrocyclones, ground engaging tools, and mining software for global hard-rock mining operators, with ~80% of revenue from recurring aftermarket.
- Company typePublic
- Founded1871
- HeadquartersGlasgow, United Kingdom
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What The Weir Group does
The Weir Group is a Glasgow-headquartered, FTSE 100-listed mining technology company that designs, manufactures, and services equipment and software for global hard-rock mineral processing operations. Founded in 1871, the company operates through two core divisions — Minerals (slurry pumps, mill liners, hydrocyclones, the WARMAN product line) and ESCO (ground engaging tools for mining buckets) — and has expanded into mining software through the 2025 acquisitions of Micromine and Fast2Mine. Its product portfolio addresses copper, iron ore, gold, and other critical minerals, with proprietary technology validated in extreme conditions including the WARMAN MCR pump system deployed at the Tibet copper mine above 5,000 meters and the largest GEHO pump order in company history at Codelco's Talabre project in Chile. Revenue mechanics combine cyclical original equipment sales (project-based, tied to mining capex) with approximately 80% recurring aftermarket revenue from spares and service contracts, producing earnings resilience across commodity cycles. The customer base consists of large mining operators globally, served through direct enterprise field sales, a wholly-owned Chilean foundry (ESEL), and joint venture partnerships such as the Olayan Saudi Holding Company venture targeting Saudi Arabia's Vision 2030 mining sector. The company divested its legacy oil and gas business to reposition as a focused mining technology pure-play, with FY2025 revenue of £2.565 billion and a 20.2% operating margin.
The Weir Group firmographics
Firmographics- Name
- The Weir Group
- Legal name
- Weir Group PLC
- Website
- https://global.weir
- Company type
- Public
- Founded year
- 1871
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- The Weir Group is a Glasgow-based FTSE 100 mining technology company that designs, manufactures, and services slurry pumps, mill liners, hydrocyclones, ground engaging tools, and mining software for global hard-rock mining operators, with ~80% of revenue from recurring aftermarket.
- Ownership category
- akta.pro rank
Where The Weir Group is headquartered
LocationHeadquarters
- HQ city
- Glasgow
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
The Weir Group business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Original Equipment Sales: Cyclical revenue from sale of mining equipment including slurry pumps, mill liners, hydrocyclones, and ground engaging tools. Project-based and tied to mining capital expenditure cycles.
- Aftermarket (Spares and Service): Recurring revenue from consumables and service contracts for installed equipment. Provides earnings resilience across commodity cycles with approximately 80% of revenues from stable, high-margin aftermarket business.
- Mining Software (Micromine): Digital software revenue from Micromine mining software platform acquired in April 2025, contributing £41-44 million in revenue. Provides data management and planning capabilities to mining customers.
Go-to-market motion2 records
Distribution channels2 records
The Weir Group product offering
Product offeringCore offering
The Weir Group designs, manufactures, and services engineered equipment and technology for global hard-rock mining operations. Its portfolio includes slurry pumps, mill liners, hydrocyclones, and ground engaging tools (GET), complemented by an aftermarket spares and service business that accounts for approximately 80% of revenues. The company has expanded into mining software for geological modeling, mine planning, and data management through acquisitions such as Micromine, Fast2Mine, and Townley Engineering.
Differentiator
Problem solved
Functional benefit
Brands
- Micromine: Mining data management and software platform for geological modeling and mine planning
- ESCO
- Weir Minerals
Products and services
- WARMAN MCR Pump Systems
- Ground Engaging Tools (GET)
- Micromine Mining Software
- Townley Engineering Products
- Fast2Mine Software
- Aftermarket Spares and Service
- Slurry Pumps, Mill Liners, and Hydrocyclones
Quantifiable outcome
- 50% processing capacity improvements over traditional systems
- +4 more outcomes
Companies that use The Weir Group
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
The Weir Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
The Weir Group partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- ElecmetalcoreWeir Group completed its £56 million acquisition of the remaining 50% stake in ESCO Elecmetal Fundición Limitada (ESEL) in Chile during March 2026, converting its previous joint venture with Elecmetal (established in 2007) into full ownership of the Chilean foundry operations. The transaction provides Weir's ESCO division with direct control over ground engaging tools (GET) manufacturing in South America's primary copper mining region.
- Olayan Saudi Holding CompanycoreWeir Group and Olayan Saudi Holding Company signed a shareholders' agreement to establish a joint venture in Saudi Arabia, combining Weir's mining technology expertise with Olayan's local market knowledge to provide advanced mining solutions under Vision 2030. Operations targeted to start by end of Q1 2026. The partnership provides Weir access to Saudi Arabia's developing mining sector and the Arabian Shield's untapped mineral potential.
Scale indicators16 records
Recent moves7 records
Expansion highlights6 records
The Weir Group competitors and assessment
Company assessmentDirect peers
- Metso: Finland-based global leader in mineral processing equipment, crushers, and grinding mills. Most direct competitor to Weir Minerals across pumps, mills, and mineral processing flowsheet, with comparable mining-only focus following its own transformation (Metso Outotec merger).
- FLSmidth: Danish mining and cement equipment supplier with deep overlap in comminution, separation, and material handling. Direct competitor across mineral processing equipment and aftermarket services, with similar mining-focused portfolio reshaping.
- Sandvik Mining and Rock Solutions: Sweden-based engineering group with a dedicated Mining and Rock Solutions division supplying drilling, loading, and crushing equipment plus wear parts. Overlaps with Weir in rock excavation tools and mining aftermarket, both targeting hard-rock mining operators.
- Epiroc: Sweden-based mining and infrastructure productivity provider spun off from Atlas Copco. Direct competitor in mining equipment, rock drilling, and loaders, with comparable global service and aftermarket network serving similar hard-rock mining customers.
- Kennametal: US-based manufacturer of metalworking tools and wear-resistant solutions including mining consumables. Directly comparable in mining wear parts and consumables, competing with ESCO's ground engaging tools and mill liner offerings.
- Boart Longyear: Global provider of drilling services, equipment, and consumables for the mining industry. Overlaps with Weir's drilling-related consumables and competes in mining consumables markets, though more focused on exploration drilling than processing equipment.
- Bradken: Australian manufacturer of wear-resistant and engineered products serving mining, mineral processing, and resources. Direct competitor in mill liners, crusher wear parts, and ground engaging tools, particularly strong in Australian mining markets.
- Magotteaux: Belgian-based global leader in grinding media and crusher wear parts serving mining and aggregate industries. Direct competitor in mill grinding media and wear consumables, operating as private subsidiary of Sigdo Koppers with strong mining focus.
Broad incumbents
- Caterpillar: US-based heavy equipment conglomerate with substantial mining equipment exposure through Cat Mining division. Larger and more diversified than Weir, but overlaps in mining trucks, shovels, and Cat-branded parts servicing similar mining customers globally.
- Komatsu: Japan-based global construction and mining equipment manufacturer with mining operations strengthened through Joy Global acquisition. Comparable mining equipment and aftermarket offering but operates within a broader diversified industrial portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
The Weir Group social profiles
Digital presenceThe Weir Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Weir Group leadership team
Management profileNumber of profiles
Profiles9 records
The Weir Group subsidiaries and ownership
Company hierarchySubsidiaries6 records
The Weir Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Weir Group M&A and investment
M&A and investmentM&A28 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Weir Group
What does The Weir Group do?
The Weir Group designs, manufactures, and services engineered equipment and technology for global hard-rock mining operations. Its portfolio includes slurry pumps, mill liners, hydrocyclones, and ground engaging tools (GET), complemented by an aftermarket spares and service business that accounts for approximately 80% of revenues. The company has expanded into mining software for geological modeling, mine planning, and data management through acquisitions such as Micromine, Fast2Mine, and Townley Engineering.
Is The Weir Group a public or private company?
The Weir Group is a public company. It is classified as public and is currently operating.
When was The Weir Group founded?
The Weir Group was founded in 1871. It employs 5,001 to 10,000 people.
Where is The Weir Group based?
The Weir Group is headquartered in Glasgow, United Kingdom, in the Europe region.
How does The Weir Group make money?
Three revenue lines are on record. Original Equipment Sales are the primary driver. The others are aftermarket (Spares and Service) and mining Software (Micromine).
Who are The Weir Group's main competitors?
Direct peers on record are Metso, FLSmidth, Sandvik Mining and Rock Solutions, Epiroc, Kennametal, Boart Longyear, Bradken and Magotteaux. Broad incumbents are Caterpillar and Komatsu.
Does The Weir Group have an API?
No public API is recorded for The Weir Group.