Technip and Global Industries agree to merge

Global Industries brings to Technip its complementary subsea know-how, assets and experience, comprising 2,300 employees operating 14 vessels, including notably two newly-built leading edge S-Lay vessels, as well as strong positions in the Gulf of Mexico (US and Mexican waters), Asia-Pacific and the Middle East.

The acquisition of Global Industries is said to reinforce Technip's leadership in the fast-growing subsea market. Strong revenue synergies are expected as the acquisition will substantially increase Technip's current capabilities and expand its addressable market by around 30% in deep-to-shore subsea infrastructure.

The transaction is expected to close early in 2012.

Technip reported an agreement to acquire the entire share capital of Global Industries and reinforce its leadership in the fast-growing subsea segment of oil services. The Board of Directors of Global Industries has unanimously approved the transaction.

Share
Print

Customer service

Do you have any questions? Please feel free to contact us.

Customer service

Do you have any questions? Please feel free to contact us.

Customer service

Do you have any questions? Please feel free to contact us.

Customer service

Do you have any questions? Please feel free to contact us.

Customer service

Do you have any questions? Please feel free to contact us.

Nach oben