M&A Deal Summary

Technip Group SA Acquires Global Industries

On September 12, 2011, Technip Group SA acquired construction company Global Industries for 1.1B USD

Acquisition Highlights
  • This is Technip Group SA’s 1st transaction in the Construction sector.
  • This is Technip Group SA’s largest (disclosed) transaction.
  • This is Technip Group SA’s 1st transaction in the United States.
  • This is Technip Group SA’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2011-09-12
Target Global Industries
Sector Construction
Buyer(s) Technip Group SA
Deal Type Add-on Acquisition
Deal Value 1.1B USD
Advisor(s) Simmons & Company (Financial)

Target

Global Industries

Carlyss, Louisiana, United States
Global is a provider of offshore construction, engineering, project management and support services, including pipeline construction, platform installation and removal, deepwater/SURF installations, IRM, and diving to the oil and gas industry worldwide. Global has 14 offshore construction vessels, including two newly built, leading-edge pipelay vessels.

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Buyer(S) 1

Buyer

Technip Group SA

Paris, France
Category Company
Founded 1958
Sector Engineering
Employees31,747
Revenue 10.3B EUR (2015)
DESCRIPTION

Technip is a a French provider of project management, engineering and construction services for the energy industry. Technip was formed in 1958 and is based in Paris.

DEAL STATS #
Overall 3 of 7
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Louisiana) 1 of 2
Country (United States) 1 of 2
Year (2011) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-28 Subocean Group

Aberdeen, United Kingdom

Subocean is in the business of underwater cable-laying for offshore wind.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-31 Stone & Webster Process Technology

Baton Rouge, Louisiana, United States

Stone & Webster process technologies and associated oil and gas engineering capabilities acquisition.

Buy -
Mergr

Product

Company

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