TechnipFMC Marks Its Official Start
- Business & Finance
TechnipFMC has started operating as a unified, combined company following completion of the merger of FMC Technologies and Technip.
TechnipFMC today unveiled its new brand identity and logo, which represent the joining together and integration of two established entities.
“This is a transformational day for TechnipFMC and our employees,” said: Thierry Pilenko, executive chairman of TechnipFMC. “As one company, we can make oil and gas projects more viable, driving value for our clients and shareholders. With an unmatched commitment to innovation and efficiency, TechnipFMC will advance the creation of cost-efficient solutions for years to come.”
The company, with approximately 44,000 employees, said it is moving forward with a purpose to bring together the scope, know-how, and determination to transform project economics and a vision to enhance the performance of the world’s energy industry.
Doug Pferdehirt, chief executive officer of TechnipFMC, said: “With our merger complete, TechnipFMC is uniquely positioned to unlock possibilities for our clients to transform their project economics. We will do this by inspiring a culture of challenging conventions and finding new and better ways of doing things. I am honored to lead our combined team of talented employees and look forward to our future as TechnipFMC.”
TechnipFMC will begin trading today on the New York Stock Exchange and on the Euronext Paris Stock Exchange under the symbol FTI. Under the terms of the merger agreement, FMC Technologies shareholders received one share of the combined company for each existing share of FMC Technologies, and Technip shareholders received two shares of the combined company for each existing share of Technip.