One Equity Partners, a middle market private equity firm, is to acquire TechnipFMC’s Measurement Solutions business, a provider of liquid meters, integrated load management metering systems and related digital solutions involved in materials transfer through infrastructure, from TechnipFMC (NYSE: FTI).
The amount of the deal was $205m in cash, subject to customary adjustments at the closing of the transaction.
TechnipFMC’s Measurement Solutions business offers a broad range of metering products including positive displacement, turbine, ultrasonic and Coriolis meters used in custody transfer applications. It also offers packaged flow measurement and fully automated systems as well as digital solutions related to capturing physical material and fiscal data from within interconnected infrastructure.
The business encompasses three units: Metering Products; Metering Systems; and Terminal Management, and it services a longstanding blue-chip client base with customers across North America, Europe and beyond. They employ approximately 450 people and operates six facilities, including manufacturing locations in Erie, PA, and Ellerbek, Germany.
TechnipFMC is a technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
FinSMEs
22/11/2023