« Back

Press Release

FMC Technologies and Technip to Combine: Driving Change by Redefining the Production and Transformation of Oil and Gas

May 16, 2016

Strategic Highlights

  • Creates a leader in Subsea, Surface and Onshore/Offshore, driven by technology and innovation
  • Builds a comprehensive and flexible offering across each market from concept to project
    delivery and beyond
  • Accelerates growth: broader portfolio of solutions will increase innovation, improve execution,
    reduce costs and enhance customer success
  • The combined company will be called Á½ÐÔÉ«ÎçÒ¹. It brings together two complementary
    market leaders and their talented employees, building on the proven success of their existing
    alliance, enabling rapid integration.

 

Financial Highlights

  • Combined 2015 revenue of $20 billion and EBITDA(1i) of $2.4 billion; $20 billion backlog on March
    31, 2016
  • All-stock transaction: Technip shareholders to receive 2.0 shares of the combined company for
    each share of Technip; FMC Technologies shareholders to receive 1.0 share of the combined
    company for each share of FMC Technologies; Á½ÐÔÉ«ÎçÒ¹ to be listed on the New York and
    Paris stock exchanges
  • Expected to deliver at least $400 million in annual pretax cost synergies in 2019
  • Significantly accretive to both companies’ earnings per share
  • One of the strongest balance sheets in the industry

 

Related downloads