M&A Deal Summary

TechnipFMC Acquires Multi Phase Meters AS

On September 24, 2009, TechnipFMC acquired energy services and equipment company Multi Phase Meters AS for 30M USD

Acquisition Highlights
  • This is TechnipFMC’s 2nd transaction in the Energy Services and Equipment sector.
  • This is TechnipFMC’s 6th largest (disclosed) transaction.
  • This is TechnipFMC’s 1st transaction in Norway.

M&A Deal Summary
Date 2009-09-24
Target Multi Phase Meters AS
Sector Energy Services and Equipment
Buyer(s) TechnipFMC
Deal Type Add-on Acquisition
Deal Value 30M USD
Advisor(s) Carnegie Investment Bank AB (Financial)

Target

Multi Phase Meters AS

Stavanger, Norway
Multi Phase Meters (MPM) is an independent oil service company, focusing on manufacturing and delivery of multiphase and wetgas meters. MPM is registered and headquartered in Stavanger, Norway. MPM meters are unique because they provide consistently high accuracy over the full operating range of a well regardless the gas fraction, watercut or fluid composition.

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Buyer(S) 1

Buyer

TechnipFMC

Newcastle Upon Tyne, United Kingdom
Category Company
Founded 2015
Sector Energy Services and Equipment
Employees21,000
Revenue 7.8B USD (2023)
DESCRIPTION
Entrance to FMC Technologies' corporate headquarters in Houston, Texas.
Entrance to FMC Technologies' corporate headquarters in Houston, Texas.

TechnipFMC is a subsea provider of systems, technologies, and services to the oil and gas industry. TechnipFMC helps exploration and production customers overcome difficult challenges with onshore and offshore drilling. TechnipFMC was founded in 2015 and is based in Newcastle Upon Tyne, United Kingdom.

DEAL STATS #
Overall 3 of 11
Sector (Energy Services and Equipment) 2 of 6
Type (Add-on Acquisition) 3 of 7
Country (Norway) 1 of 2
Year (2009) 1 of 2
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-26 Schilling Robotics

Davis, California, United States

Schilling Robotics, a robotics company, its customers include offshore oilfield equipment and service providers such as Acergy UK Ltd, Bourbon Subsea Services, Expro North Sea Ltd, and Oceaneering International. Schilling is headquartered in Davis, California and has regional offices in Houston, Texas and Aberdeen Scotland, with a total staff of more than 300.

Buy $116M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-09 Direct Drive Systems

Fullerton, California, United States

Direct Drive Systems, Inc.is a manufacturer of permanent magnet motors and generators, magnetic bearings, and power electronics.

Buy $120M
Mergr

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