FMC Technologies Inc. (NYSE:FTI), acting through its wholly owned
subsidiary, FMC Kongsberg Holdings AS, and with the assistance of DnB
NOR Markets, has acquired 25,000,000 shares in Roxar ASA, representing
10.26% of Roxar’s outstanding share capital.
Roxar is a strategic supplier to FMC Technologies of components for
subsea and other applications and this transaction will strengthen the
relationship between the companies.
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of
technology solutions for the energy industry. The Company 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.
Named by FORTUNE Magazine as America's Most Admired Oil and Gas
Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies has
approximately 10,000 employees and operates 23 manufacturing facilities
in 19 countries. For more information visit www.fmctechnologies.com.
This release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are information of a non-historical nature and are subject to
risks and uncertainties that are beyond the Company's ability to
control. These risks and uncertainties are described under the caption
"Risk Factors” in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2007 and may be modified in subsequent quarterly
reports filed by the Company with the Securities and Exchange Commission
that may be accessed on the Company’s website. The Company cautions
shareholders and prospective investors that actual results may differ
materially from those indicated by the forward-looking statements.