TechnipFMC begins trading

PARIS, January 17, 2017 – TechnipFMC, the entity that combines Technip and US oilfield services equipment provider FMC Technologies, will begin trading in New York and Paris on Tuesday.

In a statement released earlier on Tuesday, the newly unified company said the merger had been fully completed. The tie-up was first announced in May 2016.

Executive Chairman Thierry Pilenko labelled the occasion a “transformational day,” saying the company was now in a better position to make “oil and gas projects more viable.”

CEO Doug Pferdehirt, on his part, said the combined entity would be able to “transform” clients’ project economics. TechnipFMC has 44,000 employees