M&A Deal Summary

MODEC Acquires FMC Technologies Floating Systems

On November 30, 2006, MODEC acquired information technology company FMC Technologies Floating Systems from TechnipFMC for 54M USD

Acquisition Highlights
  • This is MODEC’s 1st transaction in the Information Technology sector.
  • This is MODEC’s largest (disclosed) transaction.
  • This is MODEC’s 1st transaction in the United States.

M&A Deal Summary
Date 2006-11-30
Target FMC Technologies Floating Systems
Sector Information Technology
Buyer(s) MODEC
Sellers(s) TechnipFMC
Deal Type Divestiture
Deal Value 54M USD

Target

FMC Technologies Floating Systems

United States
FMC Technologies Floating Systems, Inc. develops and manufactures SOFEC turrets and mooring systems for floating production storage and offloading vessels and offshore marine loading systems.

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Buyer(S) 1

Buyer

MODEC

Tokyo, Japan
Category Company
Founded 1968
Sector Diversified
Employees5,792
Revenue 3.6B USD (2023)
DESCRIPTION

MODEC is a general contractor specializing in engineering, procurement, construction and installation of floating production systems. MODEC was founded in 1968 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 1 of 6
Sector (Information Technology) 1 of 2
Type (Divestiture) 1 of 5
Country (United States) 1 of 5
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 Galaxy Oilfield Service

Edmonton, Alberta, Canada

Galaxy Oilfield Resources is an excellent provider of equipment and engineering services to the oil and gas industry In addition, we are focused on delivering quality customer service based needs and requirements in a safe environment. Galaxy Oilfield acts as a buying house for local contractors and provides procurement resource to supply oil and gas equipments for companies globally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 JBT

Chicago, Illinois, United States

JBT is a global technology solutions provider to food processing and air transportation industries. JBT designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT was incorporated in 1994 and is based in Chicago, Illinois.

Sell -
Mergr

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