One Equity Partners Buys TechnipFMC's Measurement Solutions Business

 


One Equity Partners (OEP) has struck a deal to acquire TechnipFMC’s Measurement Solutions, a top provider of liquid meters and digital solutions for material transfer. Their offerings span various meters and automated systems used in custody transfer, serving a client base across North America and Europe. The Business, operating three units, employs around 450 individuals across six facilities, boasting a global presence and extensive industrial expertise.

J.B. Cherry, Senior Managing Director at OEP, hails the Business’s potential for standalone growth and expresses excitement about the partnership. OEP, known for diversified industrials and carve-outs, aims to drive organic growth and transformative acquisitions. This acquisition marks another corporate carve-out for OEP, adding to its track record of 21 similar transactions. Expected to conclude in the first half of 2024, pending standard closing conditions, this deal showcases OEP’s reputation as a reliable partner for corporate divestitures.

Read More - https://www.techdogs.com/tech-news/business-wire/one-equity-partners-agrees-to-acquire-technipfmcs-measurement-solutions-business

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