Investment Summary

TechnipFMC Invests In Loke Marine Minerals

On August 11, 2021, TechnipFMC invested in energy services and equipment company Loke Marine Minerals

Investment Highlights
  • This is TechnipFMC’s 6th transaction in the Energy Services and Equipment sector.
  • This is TechnipFMC’s 2nd transaction in Norway.

Investment Summary

Date 2021-08-11
Target Loke Marine Minerals
Sector Energy Services and Equipment
Investor(s) TechnipFMC
Deal Type Stake Purchase

Target

Loke Marine Minerals

Stavanger, Norway
Loke Marine Minerals is focused on providing minerals for the green transition to dramatically increase the demand for numerous key minerals. Its low carbon technologies will be key drivers: wind and solar power, energy storage, electrification of transport, buildings, industries and other areas opting for smart solutions. Loke Marine Minerals is based in Stavanger, Norway.

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Investor(S) 1

Investor

TechnipFMC

Newcastle Upon Tyne, United Kingdom

Category Company
Founded 2015
Sector Energy Services and Equipment
Employees21,000
Revenue 9.1B USD (2024)
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 11 of 11
Sector: Energy Services and Equipment M&A 6 of 6
Type: Stake Purchase M&A Deals 2 of 2
Country: Norway M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-23 Magma Global

Portsmouth, United Kingdom

Magma Global designs and manufactures a unique range of high-performance carbon fiber pipes for subsea oil and gas applications. As oil and gas production goes into deeper water and harsher environments, existing technologies are reaching the limit of their capability. Magma Global was founded in 2009 and is based in Portsmouth, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-20 Guidant

Houston, Texas, United States

Guidant provides liquid meters, integrated load management metering systems and related digital solutions involved in materials transfer through infrastructure. Guidant is based in Houston, Texas.

Sell -