October 2019, Vol. 246, No. 10

Features

TechnipFMC to ‘De-Merge’ into Independent Companies

P&GJ Staff Report Less than three years after Technic merged with FMC Technologies to create a $20 billion offshore services company, London-based TechnipFMC said it will separate into two independent, publicly traded companies to focus on their respective strategies.  (Photo: TechnipFMC) The new companies will not split exactly along pre-2017 merger lines, but into an upstream-oriented technology and services business and a mid/downstream engineering and construction company. The “de-merger” is expected to be completed in the first half of 2020 as a spin-off of TechnipFMC’s Onshore/Offshore segment, with headquarters in Paris. “

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