The Weir Group

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.

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

Headquarters

HQ city

Glasgow

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• ElecmetalcoreStrategic or Co-development Partner · 1 March 2026Weir 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 CompanycoreStrategic or Co-development Partner · 1 January 2026Weir 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

Direct 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

• Xx.com/weirplc
• Facebookfacebook.com/WeirPLC
• LinkedInlinkedin.com/company/weir-plc

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&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