{"id":520373,"date":"2021-07-29T16:18:36","date_gmt":"2021-07-29T20:18:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-to-acquire-remaining-shares-of-joint-venture-tios\/"},"modified":"2021-07-29T16:18:36","modified_gmt":"2021-07-29T20:18:36","slug":"technipfmc-to-acquire-remaining-shares-of-joint-venture-tios","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-to-acquire-remaining-shares-of-joint-venture-tios\/","title":{"rendered":"TechnipFMC to Acquire Remaining Shares of Joint Venture TIOS"},"content":{"rendered":"

<\/p>\n

\nTechnipFMC to Acquire Remaining Shares of Joint Venture TIOS\n<\/p>\n

LONDON & HOUSTON–(BUSINESS WIRE<\/a>)–
\nTechnipFMC (NYSE: FTI) (PARIS: FTI) intends to acquire the remaining 49% of shares in TIOS AS, a joint venture between TechnipFMC and Island Offshore Management AS (Island Offshore) formed in 2018. This will accelerate the development of TechnipFMC\u2019s integrated service model focused on maximizing value to our clients.\n<\/p>\n

\nTIOS provides fully integrated Riserless Light Well Intervention (RLWI) services, including project management and engineering for plug & abandonment, riserless coiled tubing, and well completion and intervention operations, and has serviced over 740 wells globally since 2005.\n<\/p>\n

\nThe company will continue to utilize Island Offshore as the vessel provider for RLWI services.\n<\/p>\n

\nJonathan Landes, President, Subsea at TechnipFMC, commented, \u201cWe are pleased to welcome TIOS wholly into TechnipFMC. This transaction brings into the company additional expertise that will maximize our capability to provide a complete range of well services globally to our clients in a rapid and economical manner.\u201d\n<\/p>\n

Important Information for Investors and Securityholders<\/b><\/p>\n

\nForward-Looking Statement\n<\/p>\n

\nThis release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words \u201cbelieve\u201d, \u201cestimated\u201d and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.\n<\/p>\n

About TechnipFMC<\/b><\/p>\n

\nTechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.\n<\/p>\n

\nWith our proprietary technologies and comprehensive solutions, we are transforming our clients\u2019 project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.\n<\/p>\n

\nOrganized in two business segments \u2014 Subsea and Surface Technologies \u2014 we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI\u2122, iFEED\u2122 and iComplete\u2122), technology leadership and digital innovation.\n<\/p>\n

\nEach of our approximately 20,000 employees is driven by a commitment to our clients\u2019 success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.\n<\/p>\n

TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com<\/a> and follow us on Twitter @TechnipFMC. <\/b><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210729005845\/en\/<\/a><\/span><\/p>\n

Investor relations
\n<\/b>
Matt Seinsheimer
\n
Vice President, Investor Relations
\n
Tel: +1 281 260 3665
\n
Email: Matt Seinsheimer<\/a><\/p>\n

\nJames Davis
\n
Senior Manager, Investor Relations
\n
Tel: +1 281 260 3665
\n
Email: James Davis<\/a><\/p>\n

Media relations
\n<\/b>
Nicola Cameron
\n
Vice President, Corporate Communications
\n
Tel: +44 1383 742297
\n
Email: Nicola Cameron<\/a><\/p>\n

\nCatie Tuley
\n
Director, Public Relations
\n
Tel: +1 713 876 7296
\n
Email: Catie Tuley<\/a><\/p>\n

KEYWORDS:<\/b> North America France United States United Kingdom Europe Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Energy Utilities Oil\/Gas Other Manufacturing Alternative Energy Energy Engineering Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TechnipFMC to Acquire Remaining Shares of Joint Venture TIOS LONDON & HOUSTON–(BUSINESS WIRE)– TechnipFMC (NYSE: FTI) (PARIS: FTI) intends to acquire the remaining 49% of shares in TIOS AS, a joint venture between TechnipFMC and Island Offshore Management AS (Island Offshore) formed in 2018. This will accelerate the development of TechnipFMC\u2019s integrated service model focused on maximizing value to our clients. TIOS provides fully integrated Riserless Light Well Intervention (RLWI) services, including project management and engineering for plug & abandonment, riserless coiled tubing, and well completion and intervention operations, and has serviced over 740 wells globally since 2005. The company will continue to utilize Island Offshore as the vessel provider for RLWI services. Jonathan Landes, President, Subsea at TechnipFMC, commented, … <\/p>\n

Continue reading “TechnipFMC to Acquire Remaining Shares of Joint Venture TIOS”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-520373","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTechnipFMC to Acquire Remaining Shares of Joint Venture TIOS - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-to-acquire-remaining-shares-of-joint-venture-tios\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TechnipFMC to Acquire Remaining Shares of Joint Venture TIOS - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TechnipFMC to Acquire Remaining Shares of Joint Venture TIOS LONDON & HOUSTON–(BUSINESS WIRE)– TechnipFMC (NYSE: FTI) (PARIS: FTI) intends to acquire the remaining 49% of shares in TIOS AS, a joint venture between TechnipFMC and Island Offshore Management AS (Island Offshore) formed in 2018. This will accelerate the development of TechnipFMC\u2019s integrated service model focused on maximizing value to our clients. TIOS provides fully integrated Riserless Light Well Intervention (RLWI) services, including project management and engineering for plug & abandonment, riserless coiled tubing, and well completion and intervention operations, and has serviced over 740 wells globally since 2005. The company will continue to utilize Island Offshore as the vessel provider for RLWI services. 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