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FMC Technologies to Increase Ownership of Schilling Robotics to 100 Percent
FMC Technologies and Schilling Robotics
FMC Technologies, Inc. gave notice to exercise its purchase option for the remaining 55% of outstanding shares of Schilling Robotics LLC.
By RBR Staff

FMC Technologies, Inc. (FTI) announced today that it has given notice to exercise its purchase option for the remaining 55% of outstanding shares of Schilling Robotics LLC (“Schilling”). The transaction is expected to close on or about March 30, 2012.  FMC purchased its existing 45% interest in Schilling and obtained the purchase option in 2008. Schilling is a leading producer of remotely operated vehicles (“ROVs”), ROV manipulator systems, control systems and other high-technology equipment and services for oil and gas subsea exploration and production. FMC and Schilling have collaborated on a variety of projects and technology advances over the past three years, including an innovative control system for Petrobras’…

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