Bpifrance-backed TechnipFMC completed the demerger into two separate companies.

Bpifrance-backed TechnipFMC, a global leader in subsea, onshore/offshore, and surface projects, completed the demerger into two separate companies, Technip Energies and RemainCo. Financial terms were not disclosed. “As the market leader and industry’s only fully integrated pure-play, we are uniquely positioned to transform our clients’ project economics, helping them to unlock traditional and new energy resources while reducing carbon intensity and supporting their energy transition ambitions,” Doug Pferdehirt, TechnipFMC Chairman and CEO.