LNG

Oct 19 (LNGJ) - TechnipFMC, the French-US LNG and energy engineering company, has agreed to acquire the Plexus wellhead exploration equipment and services business from Plexus Holdings of the UK for an initial $20 million, rising to around $55M depending on performance. TechnipFMC said the Aberdeen-based firm would be integrated into its surface technologies division and key personnel would be transferred from Plexus. “I am very pleased that we have reached this agreement, which fits within TechnipFMC Surface Technologies’ strategy to extend and strengthen our position in exploration-drilling products and services,” said Richard Alabaster, President of TechnipFMC’s Surface Technologies unit.