TechnipFMC: sells business for $205m

(CercleFinance.com) - TechnipFMC has announced an agreement to sell its Measurement Solutions business to One Equity Partners for $205m in cash.


Part of the Surface Technologies segment, the Measurement Solutions business encompasses terminal management solutions and measurement products and systems, and includes engineering and manufacturing sites in North America and Europe.

Doug Pferdehirt, Chair and CEO at TechnipFMC, said, “This transaction reflects TechnipFMC's broader portfolio strategy to further focus on our core products and market-leading technologies, as well as integrated solutions and services for our clients”.


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