FMC Technologies
| Company type | Public |
|---|---|
| Industry | Oilfield services, Equipment manufacturing |
| Predecessor | FMC Corporation (machinery operations) |
| Founded | 2000 |
| Defunct | 2017 |
| Fate | Merged with Technip to form TechnipFMC |
| Successor | TechnipFMC |
| Headquarters | Houston, Texas , United States |
Area served | Worldwide (including Norway, Brazil, Scotland, Singapore, Australia, Poland, Russia, India, Angola, Nigeria) |
Key people | Douglas Pferdehirt (Chairman and CEO) |
| Products | Subsea production and processing equipment, surface wellhead systems, high-pressure pumping units, fluid control devices, measurement technologies, marine loading solutions |
Number of employees | 17,400 (2015) |
FMC Technologies, Inc. was a company based in North America specializing in equipment for the exploration and production of hydrocarbons. Established in 2000 following the separation of FMC Corporation's machinery operations, it combined with Technip in 2017 to create TechnipFMC.
History
The operations of FMC Technologies were divided into three main areas: Subsea Technologies, Surface Technologies, and Energy Infrastructures. The company was involved in the design, manufacturing, and maintenance of subsea production and processing equipment, surface wellhead systems, high-pressure pumping units, fluid control devices, measurement technologies, and marine loading solutions. In 1993, the firm expanded by acquiring the Norwegian enterprise Kongsberg Offshore from Siemens.
Initially functioning as a division within Food Machinery Corporation (FMC), the business became independent in 2000 when FMC split into two publicly traded entities: FMC Technologies focusing on machinery, and FMC Corporation concentrating on chemicals. FMC Technologies began trading on the New York Stock Exchange on June 14, 2001. In 2008, it separated its FoodTech and Airport divisions to form JBT Corporation. The acquisition of Norwegian measurement company Multi Phase Meters (MPM) occurred in 2009.
In 2014, FMC Technologies sold its Material Handling Products segment to Syntron Material Handling, LLC. By 2015, the workforce numbered around 17,400 worldwide—5,700 employees within the United States and 11,700 abroad—with facilities across 16 countries such as Norway, Brazil, Scotland, Singapore, Australia, Poland, Russia, India, Angola, and Nigeria. The corporate headquarters were situated in northern Houston, Texas. Approximately 3,800 personnel were employed at various sites in Norway. On October 1, 2012, the company acquired Pure Energy Services. That same year, it earned recognition from Fortune as the World's Most Admired Oil and Gas Equipment and Service Company.
On May 19, 2016, FMC Technologies declared a merger agreement with the French corporation Technip, culminating in January 2017 with the formation of TechnipFMC. This all-stock transaction resulted in a combined entity valued near $13 billion.
Leadership
Douglas Pferdehirt held the positions of Chairman and Chief Executive Officer at FMC Technologies, Inc.