TechnipFMC acquires remaining shares of UK composite pipe firm Magma Global
18.10.2021
MOSCOW (MRC) -- Energy engineering major TechnipFMC has acquired the outstanding shares of Magma Global, a Portsmouth, UK-based company that supplies composite pipes to the oil and gas sector, said the company.TechnipFMC originally acquired an interest in Magma in 2018, combining its strong history in flexible pipe technology with Magma's advanced composite capabilities to develop a disru