Technip and FMC Technologies confirm merger

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Source: Aberdeen Journals 19 May 2016

Technip and FMC Technologies are planning to merge to create TechnipFMC – a new company with an equity value of $13billion.

The move would save the firms $600million, according to the announcement.

Neil Gordon, chief executive of Subsea UK, said: “This is a significant global deal which will indeed create a market leader both in size and capability. Operators will benefit from an integrated offering that should reduce costs and drive efficiencies. However, technology and innovation must remain at the heart of and be allowed to flourish in what will now become a global giant.”

Source story here



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