The Weir Group PLC (LSE:WEIR) will look for M&A. At the Capital Markets Spotlight Event, Jonathan Stanton, said "We are poised to benefit from multi-decade favorable market demand tailwinds for critical metals, while the adoption of new technologies to enable sustainable mining and license to operate will only boost the potential opportunity available to Weir. As we transition from performance excellence to continuous improvement, our attention in turn pivots steadfastly to growth. With organic growth underpinned by our resilient and predictable business model, we intend to maximize shareholder returns through prioritizing compounding M&A, applying our strict strategic and financial acquisition criteria to deliver on the opportunities we see ahead across both our hardware and now software platforms".
"Our highly complementary software solutions business adds even greater scale and profitability to this model and supports our capacity to generate strong cash flows. And as we delever from acquisitions, we'll focus on maintaining an active M&A pipeline to further compound our strong organic growth. So together, the long-term opportunity for Weir is tremendously exciting.
There is clear demand for critical metals and our customers recognize the need for new solutions to drive growth. Through our strategy, we are creating a global leader in both engineered hardware and software solutions for mining. And that combination will accelerate our resilient and predictable growth model through new solutions, geographic expansion and M&A".
