TechnipFMC to split into 2 companies just 3 years after merger

TechnipFMC PLC (NYSE: FTI), which has operational headquarters in Paris, Houston and London, announced Aug. 26 that it plans to split into two companies via a spinoff.

The spinoff is expected to be complete in the first half of 2020, about three years after Houston-based FMC Technologies Inc. and Paris-based Technip SA closed their multibillion-dollar merger in January 2017. The merger created the only fully integrated subsea provider, per TechnipFMC’s Aug. 26 press release, while building on the…


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