NEW YORK: One Equity Partners, a private equity firm, has agreed to acquire Measurement Solutions business, a business that provides liquid meters and related digital solutions, from TechnipFMC, an oil and gas company. The deal is expected to close in the first half of 2024. The business, which has customers across North America, Europe and…
Tag: TechnipFMC
TechnipFMC sells 9 million Technip Energies shares for €118.4mn
PARIS, FRANCE: TechnipFMC plc announced the sale of 9 million Technip Energies N.V. shares through private sale transactions. The sale price of the shares is set at €13.15 per Share, yielding total gross proceeds of €118.4 million. Upon completion of the Sale, representing approximately 5% of Technip Energies’ issued and outstanding share capital, TechnipFMC retains…
TechnipFMC partners Orbital Marine Power to accelerate tidal energy
PARIS, FRANCE: TechnipFMC (NYSE: FTI) signed a Memorandum of Understanding with Orbital Marine Power (Orbital), a pioneer of tidal energy technology, to jointly collaborate in tidal energy to accelerate the global commercialization of Orbital’s technology and deliver the first commercial scale floating tidal field. Orbital’s unique floating turbine, the most powerful in the world to…
TechnipFMC and Saipem enter into a global commercial agreement
PARIS, FRANCE: TechnipFMC and Saipem have entered into a global commercial agreement that will allow them to identify projects worldwide that could be jointly executed for the benefit of clients. The commercial agreement will pursue specific Subsea Umbilicals, Risers and Flowlines (SURF) projects where the combination of the companies’ complementary world-class assets, technologies, products and…
TechnipFMC acquires Victrex’s equity interest in Magma Global Limited
LONDON, UK: Victrex plc, an innovative world leader in high performance polymer solutions, delivering sustainable products which support CO2 reduction and bring environmental and societal benefit, today notes the announcement made by TechnipFMC, in relation to its purchase of the outstanding issued share capital in Magma Global Limited, to complete the full acquisition of Magma….
TechnipFMC announces Technip Energies shares sale for €196.2 million
PARIS, FRANCE: TechnipFMC plc announced shares sale of 17.6 million Technip Energies N.V. shares through a private sale transaction with HAL Investments, the Dutch investment subsidiary of HAL Holding. The sale price of the shares is set at €11.15 per share, yielding total gross proceeds of €196.2 million. HAL has agreed to a lock-up of…
TechnipFMC makes strategic investment in Loke Marine Minerals
PARIS, FRANCE: TechnipFMC is joining forces with Loke Marine Minerals to develop enabling technologies for the extraction of seabed minerals, driving the energy transition and a sustainable future. Marine minerals have been identified by the World Bank, World Economic Forum, and International Energy Agency as one of the potential solutions to meet the increasing demand…
TechnipFMC to sell 14% of Technip Energies shares for €277.5 million
PARIS: TechnipFMC announced the sale of 25 million Technip Energies shares, representing around 14% of Technip Energies’ share capital at €11.10 per share, yielding total gross proceeds of €277.5 million. The sale will be through a private placement by way of an accelerated bookbuild offering. Concurrently with the placement, Technip Energies will purchase from TechnipFMC…
TechnipFMC and Bombora to jointly develop a floating wave and wind power project
HOUSTON: TechnipFMC and Bombora, a leading wave energy technology company, have formed a strategic partnership to develop a floating wave and wind power project in support of a more sustainable future, a news release said. The relationship brings together TechnipFMC’s unique technologies and experience delivering complex integrated Engineering, Procurement, Construction and Installation (iEPCI) projects offshore…
Magnora inks partnership with TechnipFMC to develop floating offshore wind projects
OSLO: Magnora ASA and TechnipFMC have entered into an agreement to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind. Reference is made to Magnora’s stock exchange announcement dated 29 January 2021 regarding entering into an agreement with an undisclosed global offshore energy technology and service company to establish a…
Technip Energies to separate from TechnipFMC on February 12, 2021
PARIS: TechnipFMC plc announced the timing and details regarding its previously announced separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The transaction is structured as a spin-off of a majority stake in TechnipFMC’s Technip Energies segment in the…
TechnipFMC announces pricing of $1.0 billion Senior Notes due 2026
LONDON: TechnipFMC announced that TechnipFMC priced its previously announced offering of $1.0 billion aggregate principal amount of 6.5% senior unsecured notes due 2026 in a private offering. TechnipFMC previously announced planned separation (Spin-off) into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider, and Technip Energies, a leading engineering and…