Technipfmc completes acquisition of magma global to accelerate development of breakthrough composite pipe technologies for conventional energy and co2 applications

Newcastle & houston--(business wire)--regulatory news: technipfmc (nyse:fti) (paris:fti) today announced that it has completed the acquisition of the outstanding shares of magma global (magma), the leading provider of composite pipe technology to support the energy transition. 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 disruptive composite pipe solution for the tr
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