Technip, Technologies to merge in all-stock deal

We have complementary skills, technologies and capabilities,” Technip Chairman and Chief Executive Thierry Pilenko said. “Together, TechnipFMC can add more value across Subsea, Surface and Onshore/Offshore, enabling us to accelerate our growth. (Reuters) France’s Technip announced an all-stock merger with U.S. rival FMC Technologies to create an oil services group with combined revenue of $20 billion.
The transaction is expected to deliver annual pretax savings of at least $40