Regulatory News:
TechnipFMC (NYSE and Euronext: FTI) today announced that it is
operating as a unified, combined company following completion of
the merger of FMC Technologies and Technip. The merger creates a
global leader in oil and gas projects, technologies, systems, and
services that will enhance the performance of the world’s energy
industry.
Driving the change the oil and gas industry needs
Beyond today’s pressures on the oil and gas industry,
hard-to-reach resources cannot be fully developed unless there is
significant and sustainable improvement in project economics.
Change is needed, now more than ever.
TechnipFMC is well-placed to meet the challenge and lead this
change. By bringing together complementary skills and innovative
technologies, the company can boost efficiency, lower costs, and
accelerate schedules. Its offerings encompass concept to project
delivery and beyond. Whether clients need an individual operation
or an end-to-end solution, TechnipFMC is positioned to transform
project economics across subsea, onshore/offshore and surface, and
lay the foundation for sustainable success.
“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.”
Combining capabilities and technologies to unlock
potential
Formed through the combination of two market leaders with
complementary capabilities and technologies, the company builds on
early involvement and integrated solutions to simplify field
architectures and decision-making. TechnipFMC believes in
innovation, smarter design, and seamless ways of working.
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.”
Stock exchange trading
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.
Brand and purpose
TechnipFMC today unveiled its new brand identity and logo, which
represent the joining together and integration of two established
entities to create one bold, forward-looking company. TechnipFMC is
moving forward with a purpose to bring together the scope,
know-how, and determination to transform its clients’ project
economics and a vision to enhance the performance of the world’s
energy industry. For more information, download the digital press
kit at TechnipFMC.com.
About TechnipFMC
TechnipFMC is a global leader in subsea, onshore/offshore, and
surface projects. With our proprietary technologies and production
systems, integrated expertise, and comprehensive solutions, we are
transforming our clients’ project economics.
We are uniquely positioned to deliver greater efficiency across
project lifecycles from concept to project delivery and beyond.
Through innovative technologies and improved efficiencies, our
offering unlocks new possibilities for our clients in developing
their oil and gas resources.
Each of our 44,000 employees is driven by a steady commitment to
clients and a culture of purposeful innovation, challenging
industry conventions, and rethinking how the best results are
achieved.
To learn more about us and how we are enhancing the performance
of the world’s energy industry, go to TechnipFMC.com and follow us
on Twitter @TechnipFMC.
Important Information for Investors and
Securityholders
Forward-Looking Statement
This communication contains "forward-looking statements" as
defined in Section 27A of the United States Securities Act of 1933,
as amended, and Section 21E of the United States Securities
Exchange Act of 1934, as amended. The words such as " believe,”
“expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,”
“would,” “could,” “may,” “estimate,” “outlook” and similar
expressions are intended to identify forward-looking statements,
which are generally not historical in nature. Such forward-looking
statements involve significant risks, uncertainties and assumptions
that could cause actual results to differ materially from our
historical experience and our present expectations or projections,
including the following known material factors:
- risks associated with tax liabilities,
or changes in U.S. federal or international tax laws or
interpretations to which they are subject;
- risks that the new businesses will not
be integrated successfully or that the combined company will not
realize estimated cost savings, value of certain tax assets,
synergies and growth or that such benefits may take longer to
realize than expected;
- unanticipated costs of
integration;
- reliance on and integration of
information technology systems;
- reductions in client spending or a
slowdown in client payments;
- unanticipated changes relating to
competitive factors in our industry;
- ability to hire and retain key
personnel;
- ability to attract new clients and
retain existing clients in the manner anticipated;
- changes in legislation or governmental
regulations affecting us;
- international, national or local
economic, social or political conditions that could adversely
affect us or our clients;
- conditions in the credit markets;
- risks associated with assumptions we
make in connection with our critical accounting estimates and legal
proceedings;
- the risks of currency fluctuations and
foreign exchange controls associated with our international
operations; and
- such other risk factors set forth in
our filings with the United States Securities and Exchange
Commission, which include our Registration Statement on Form S-4,
Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K and in our filings with the Autorité
des marchés financiers or the Financial Conduct Authority.
We caution you not to place undue reliance on any
forward-looking statements, which speak only as of the date hereof.
We undertake no obligation to publicly update or revise any of our
forward-looking statements after the date they are made, whether as
a result of new information, future events or otherwise, except to
the extent required by law.
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TechnipFMCInvestor relationsMatt SeinsheimerVice
President Investor RelationsTel: +1 281 260 3665Email: Matt
SeinsheimerorAurelia Baudey-VignaudSenior Manager Investor
RelationsTel: +33 1 85 67 43 81Email: Aurelia Baudey-VignaudorJames
DavisSenior Manager Investor RelationsTel: +1 281 260 3665Email:
James DavisorMedia relationsChristophe BelorgeotVice
President Corporate CommunicationsTel: +33 1 47 78 39 92Email:
Christophe BelorgeotorLaure MontcelSenior Manager Public
RelationsTel: +33 1 49 01 87 81Email: Laure MontcelorLisa
AdamsSenior Manager Digital CommunicationsTel: +1 281 405
4659Email: Lisa Adams
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