French super-contractor Technip and US subsea major FMC Technologies have decided to transform their Forsys Subsea alliance into a full-blown merger that values the new TechnipFMC entity at $13 billion.
After beginning talks a few weeks ago, Paris-listed Technip and New York-listed FMC have now initialled a memorandum of understanding to execute a deal to combine the companies in an all-stock merger transaction that is set to close early next year.
The
