Type Public company Founded 2001 | Successor TechnipFMC Parent organization TechnipFMC PLC | |
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Industry Oil and Gas Equipment, Services Fate Merged with Technip and became TechnipFMC Predecessor Food Machinery Corporation Key people Thierry Pilenko Executive Chairman
Douglas Pferdehirt CEO Headquarters Houston, Texas, United States CEO John T Gremp (1 Mar 2011–) Subsidiaries JBT Corporation, Smith Meter G.m.b.H. | ||
Fmc technologies subsea engineering subsea wellhead fmc technology fmc company fmc houston
FMC Technologies, Inc. was a North American company that produced equipment for exploration and production of hydrocarbons. FMC Technologies was incorporated in 2000 when FMC Corporation divested its machinery businesses. It exists today as a part of TechnipFMC, after a merge with Technip in 2017.
Contents
Company profile fmc technologies inc nyse fti
History
FMC Technologies was a provider of systems and solutions to the oil and gas industry. The company was divided into three business areas: Subsea Technologies, Surface Technologies and Energy Infrastructures. FMC Technologies designed, manufactured and serviced systems and products such as subsea production and processing systems, surface wellhead systems, high pressure pumps and fluid control equipment, measurement solutions and marine loading systems.
The company was founded in 2000, when FMC announced plans to restructure itself into two separate, publicly traded companies - a machinery business (FMC Technologies) and a chemicals business (FMC Corporation). FMC Technologies, Inc. begin trading on the New York Stock Exchange on June 14, 2001. In 2008, FMC Technologies spun off its FoodTech and Airport businesses into a new, independent, publicly-traded company called JBT Corporation. In 2009, the company acquired Multi Phase Meters (MPM), a Norwegian technology company that provides advanced instrumentation for the oil industry.
Globally, FMC Technologies had approximately 17,400 employees by 2015, consisting of approximately 5,700 in the United States and 11,700 in non-U.S. locations. The company had a total of 30 locations in 16 countries, including the United States, Norway, Brazil, Scotland, Singapore, Australia, Angola and Nigeria. Its headquarters were located in northern Houston, Texas. In Norway there were about 3800 employees, working at locations in Kongsberg, Asker, Bergen, Stavanger, Kristiansund, Floro and Notodden. On October 1, 2012, the company acquired Pure Energy Services. In the same year, FMC Technologies was named by Fortune (magazine) as the World's Most Admired Oil and Gas Equipment, Service Company.
On May 19, 2016, it was announced that FMC Technologies would team up with French Technip to create a new company called TechnipFMC. After the approval of regulatory authorities, TechnipFMC began operating as a unified company in Jan 17, 2017. The all-share deal resulted in a company with a market value of about $13 billion.
Leadership
Douglas Pferdehirt was Chairman and CEO of FMC Technologies, Inc.