USA: FMC Technologies Buys Control Systems International

 

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

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UTC 2017

The subsea industry has, as all other parts of the oil & gas industry, been seriously rattled by the most severe downturn in the hydrocarbon energy era. However, the realization of what hit us and actions to be taken to sustain a healthy and profitable future is still on-going – unfortunately with thousands of colleagues paying the price by losing their job as one of the most severe consequences. At this time, there are signs that we have reached bottom in terms of most industry indicators, but few experts expect a sharp recovery. Many seem to believe that a slow recovery is what the industry needs in order to avoid an unsustainable capacity build-up, as seen in the period after the financial crisis. Considering the uncertainty of what the future will bring, this year’s UTC Program Committee have decided to challenge all of us to present ideas, experiences, technological innovations, business models and execution models for how to shape our subsea future and explain how and why subsea is the future.
UTC welcomes abstracts based on the topics listed below. If selected, please consider writing a paper in addition to the UTC presentation. From 2017, UTC papers will be published in an international database.

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