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Monday, March 23, 2015

BRIEF-Technip and FMC Technologies to launch Forsys Subsea joint venture, (NYQ: FTI)

Technip : * Announced on Sunday it signed an agreement with FMC Technologies Inc to form an exclusive alliance and to launch Forsys Subsea* Forsys Subsea is a 50/50 joint venture of the two companiesSource text for Eikon:

FMC Technologies, Inc. designs, manufactures and services systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems for the energy industry. Shares of FTI traded higher by 1.6% or $0.58/share to $36.79. In the past year, the shares have traded as low as $34.85 and as high as $63.92. On average, 3820030 shares of FTI exchange hands on a given day and today's volume is recorded at 7348680.