Hamburg, Germany – March 9, 2015– Surecomp®, the leading global provider of trade finance solutions for banks and corporations, announced today the signing of a licensing agreement for Surecomp’s COR-TF® trade finance solution with the Weir Group PLC, one of the world’s leading engineering firms. A SWIFT-certified application, COR-TF is Surecomp’s innovative multi-bank trade finance solution for corporations.
About The Weir Group PLC
The Weir Group is one of the world’s leading engineering businesses. Committed to creating innovative engineering solutions, Weir provides products and services to customers in the minerals, oil and gas, and power sectors around the world. Weir’s customer base includes the world’s largest mining houses, major oil services businesses, and nuclear and conventional power generation companies.
Weir is a FTSE 100 company founded in 1871 and headquartered in Glasgow, Scotland. Weir’s commitment to engineering excellence, research and customer focus extends equipment wear life and operational capability in some of the world’s most challenging environments.
Weir is committed to going where its customers go, with a worldwide network of around 200 manufacturing facilities and service centres. The business has a presence in more than 70 countries, with over 15,000 people around the world working in three divisions: Minerals; Oil & Gas; and Power & Industrial.
Annual revenues were more than £2.4 billion in 2013, of which almost two thirds came from the provision of services and aftermarket support. See weir.co.uk for further information.
Surecomp is the leading global provider of trade finance solutions for banks and corporations. A market pioneer for over 25 years, Surecomp maintains a proven track record delivering innovative solutions worldwide. With a global network of regional offices and six state-of-the-art development centers, Surecomp successfully supports hundreds of installations in over 80 countries. Surecomp's integrated portfolio of trade finance and supply chain finance solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For additional information, visit www.surecomp.com.