FMC Technologies, Inc. announced it has signed a definitive agreement to acquire Control Systems International, Inc. (CSI). Terms of the transaction, which is subject to further due diligence and various closing conditions, were not disclosed.
Founded in 1968, CSI is a leading supplier of innovative control and automation system solutions. These include FUEL-FACS+®, the company’s Terminal Automation and Information Management System, and UCOS® (User Configurable Open System), a complete supervisory control and data acquisition system and software solution. Headquartered in Lenexa, Kansas, with operations in Irvine, California, and London, England, CSI has approximately 150 employees.
“The addition of CSI enhances FMC’s automation and controls technologies and supports our long-term strategy to expand our subsea production and processing systems,” said Robert Potter, FMC’s Executive Vice President of Energy Systems. “This acquisition also provides immediate benefits for our Measurement Solutions business to offer comprehensive fuel terminal and pipeline automation systems, resulting in significant value to our customers.”
FMC Technologies, Inc. is a leading global provider of technology solutions for the energy industry. Named by FORTUNE® Magazine as the World’s Most Admired Oil and Gas Equipment, Service Company in 2010, the Company has approximately 14,200 employees and operates 27 production facilities in 16 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry.
Subsea World News Staff , February 17, 2012; Image: FMC Technologies