TechnipFMC began operating as a combined company today following completion of the merger of FMC Technologies and Technip. The merger created a global leader in oil and gas projects, technologies, systems and services.
“This is a transformational day for TechnipFMC and our employees,” said Thierry Pilenko, executive chairman of TechnipFMC. “As one company, we can make oil and gas projects more viable, driving value for our clients and shareholders. With an unmatched commitment to innovation and efficiency, TechnipFMC will advance the creation of cost-efficient solutions for years to come.”
Formed through the combination of two market leaders with complementary capabilities and technologies, the company builds on early involvement and integrated solutions to simplify field architectures and decision-making.
TechnipFMC began the day trading on the New York Stock Exchange and on the Euronext Paris Stock Exchange under the symbol FTI. Under the terms of the merger agreement, FMC Technologies shareholders received one share of the combined company for each existing share of FMC Technologies, and Technip shareholders received two shares of the combined company for each existing share of Technip.