Rumors swirling about WOOD putting in a bid to but Technipfmc, anyone else heard this?
5 replies (most recent on top)
Knowledge is needed in aspect to relation of job duties the right man for the job can make or break a company.
i believe it will be Subsea Installation (SURF) that is dealt. Fleet utilization at an all time low in 2019, spool bases around the world draining the bottom line. Let's face it, FMC is who is in charge these days and SURF was/is not their core business. They have taken the Technip actual product lines of Flexibles and Umbilicals and put them under legacy FMC control. Leaving SURF without being reorganized within the rest of the company like all other groups. Just hanging out there waiting for a clean release?
What will get bought will inevitably come from the Surface Technologies portfolio. A serious buyer for Measurement was turned away last year, so I assume Measurement is on the table. Another Surface business, Loading Systems is most likely also on the table due to continued market share loss and quality and delivery issues ongoing since the merger was formalized in 2017. Other Surfacebusinesses are equally as susceptible as the Surface business is not critical to the core, sub-sea business focus of the company.
Someone will be buying one of the segments of TechnipFMC in 2019
The only one buying TFMC is themselves...