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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