USA: FMC Technologies Buys Off Schilling

FMC Technologies announced that it has completed the transaction to acquire the remaining 55% of the outstanding shares of Schilling Robotics.

FMC had previously announced its intention to purchase the remaining outstanding shares of Schilling and increase its ownership to 100 percent.

Schilling is a leading producer of remotely operated vehicles (ROVs), ROV manipulator systems, control systems and other high-technology equipment and services for oil and gas subsea exploration and production. The company has offices in Davis, California; Houston, Texas; and Aberdeen, Scotland.

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LNG World News Staff, April 26, 2012; Image: Schilling