TechnipFMC: sale of a business for $205 million

(CercleFinance.com) - TechnipFMC has announced an agreement to sell the Measurement Solutions business to One Equity Partners for $205 million 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 facilities in North America and Europe.

Doug Pferdehirt, Chairman and CEO of TechnipFMC, said: ' This transaction reflects TechnipFMC's broader portfolio strategy to focus more on our market-leading products and technologies, as well as on integrated solutions and services for our customers.

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