TechnipFMC Acquires Magma Global

October 13, 2021

TechnipFMC has completed the acquisition of the outstanding shares of Magma Global, a developer and manufacturer of thermoplastic composite pipe (PEEK TCP) for subsea and energy-transition applications. The deal brings Magma's composite pipe technology into TechnipFMC's portfolio to accelerate deployments in traditional oil & gas, CCUS and hydrogen transport, and to commercialize hybrid flexible pipe solutions.

Buyers
TechnipFMC
Targets
Magma Global
Industry
Energy
Location
England, United Kingdom
Transaction Type
Buyout

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