Times: Scotland's Weir in talks over £8.5B merger with Finnish rival

|By:, SA News Editor

Scottish engineering firm Weir Group is in informal talks with Finland's Metso (MXCYY) about a merger valued at £8.5B ($14.17B), the U.K. Times newspaper reports.

The deal would bring together two companies that operate in the market for industrial pumps and valves for the energy and mining markets. Weir is already doing particularly well from the fracking boom.