In addition to its expected purchase of 45% of Schilling by year end, FMC Technologies is acquiring the rights to exercise an option over the two-year period beginning in 2012 to acquire the remaining 55% of the company.
FMC snaps up Schilling Robotics stake
FMC Technologies is set to acquire 45% of Schilling Robotics $116 million in a deal expected to be sealed no later than 31 December.
29 December 2008 9:52 GMT
Updated
29 December 2008 9:52 GMT
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