Bpifrance supports the spin-off operation launched by TechnipFMC and is preparing to support Technip Energies in its strategy geared towards the energy transition by investing up to $200m (approximately €160m) in the company once it is listed*, thus becoming a long-term reference shareholder.
This transaction will enable the independence of a French engineering and technology company with a global reach. Technip Energies will be ideally positioned to contribute to the acceleration of the energy transition. Technip Energies' diversification strategy, long-term business relationships and unique technological know-how are an important guarantee for concrete and sustainable value creation.
Nicolas Dufourcq, Managing Director of Bpifrance
The oil and gas group TechnipFMC, resulting from the merger of the French Technip and the American FMC Technologies, is resuming the process of splitting its activities into two separate entities: TechnipFMC, a technology and services company, and Technip Energies, an engineering and technology company. Bpifrance has been a shareholder of TechnipFMC since 2009.
Technip Energies, with nearly 15,000 employees, is one of the world's largest engineering and technology companies, a leader in liquefied natural gas (LNG), hydrogen and ethylene, and well positioned in the growing markets of green chemistry and CO2 management.
* Within the framework of an agreement with TechnipFMC, and subject in particular to obtaining the necessary regulatory approvals.