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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 TechnipFMC. 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; TechnipFMC 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


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