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Technip-FMC Merger Deal Creates $13B Oil & Gas Services Giant

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Oil and gas services companies French Technip and American FMC Technologies have reached a merger agreement to create a joint company, TechnipFMC, worth $13 billion and expected to generate sales of around $20 billion.The pending merger will reportedly allow the two to save US$400 million annually beginning in 2019.The new venture will employ more than 49,000 people in over 45 countries.Expected to close in early 2017, the deal still requires the approval of both companies’ shareholders and regulators.


http://oilprice.com/Latest-Energy-News/World-News/Technip-FMC-Merger-Deal-Creates-13B-Oil-Gas-Services-Giant.html


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