Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said it has completed the acquisition of the remaining 50% share of its Chile-based joint venture, ESCO Elecmetal Fundición Limitada (ESEL).

“This follows the announcement on 12 December 2025 of our agreement to acquire ESEL, a manufacturer of high-quality ground engaging tools, strengthening Weir’s direct market channels and manufacturing capabilities in South America,” said Weir.

Weir has 12,000 employees operating in over 50 countries.

Weir CEO Jon Stanton said: “We are delighted to formally welcome ESEL into Weir following a long and successful partnership with Elecmetal.

“This acquisition represents an important step in strengthening our presence in South America, enabling our ESCO Division to accelerate its go‑direct strategy in this key mining market and deepen relationships with customers.

“ESEL’s Chilean foundry will enhance our global manufacturing footprint, increasing capacity and flexibility across our network, supported by Weir’s world-class engineering and supply chain expertise.

“With full operational control, we are well positioned to grow market share and further reinforce Weir’s leadership position across the South American market.”

ESEL will be integrated and reported within Weir’s ESCO Division.

The acquisition does not result in a change to Weir’s full year revenue, operating profit, and leverage guidance as of  July 31, 2025.