TechnipFMC renames engineering and construction company SpinCo as Technip Energies

TechnipFMC renames engineering and construction company SpinCo as Technip Energies
Published: 5 November 2019 - 3 a.m.
By: Martin Menachery
TechnipFMC, a global leader in subsea, onshore/offshore, and surface projects, recently renamed its newly launched engineering and construction (E&C) company, SpinCo, as Technip Energies, terming it as a new important step in the process of launching the leading E&C player, poised to capitalise on the global energy transition, as announced on 26 August.

In an internal letter sent to all employees, Catherine MacGregor, CEO-elect of Technip Energies, stated: “Over the last few weeks, we have had the opportunity to meet many of you, as well as our clients and partners. We have been impressed by the high level of enthusiasm and support associated to this project. There is a strong attachment and recognition of the Technip name and, at the same time, the clear desire to move the company forward. Our new name, Technip Energies reflects that.”

Technip pays tribute to the outstanding track record of successful onshore and offshore projects, our pioneering spirit, the passion of our teams, our operational excellence and the quality of our technology portfolio.

Energies highlights our ambition to play a key role in driving the global energy transition. It also reflects the individual contributions of all our employees, which will allow us to write, together, this new page of our history.

Supported by a record backlog, a solid financial situation, a strong market positioning and by a skilled and talented workforce of 15,000 people, Technip Energies is perfectly well positioned to become a global leader in the energy industry.

On 26 August, TechnipFMC announced a transaction that will create two diversified, pure-play market leaders and will reshape the industry: (i) RemainCo – which will retain the TechnipFMC name – will be a fully-integrated technology and services provider that will continue to drive energy development; and (ii) SpinCo – which will be named Technip Energies – a leading E&C player, poised to capitalise on the global energy transition.

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