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