Weir sells LGE to Babcock for £23m

Engineer Babcock has acquired a liquid gas services company from the Weir Group for £23m, it said yesterday. LGE Process, which designs and builds plants for the processing, storage and handling of liquid gases, will be combined with Babcock’s design services business unit. In the year to December LGE posted gross revenue of £26.3m, Babcock said.

The transaction was completed on 28 December.