FMC Technologies Gas Measurement Equipment

Stevenson & Company completes a division sale for FMC Technologies

Result:    Business Sold to Strategic Buyer

Industry: Energy – Gas Measurement Equipment

Stevenson & Company recently completed the sale of the Gas Measurement Equipment business headquartered in Thetford, England and owned by FMC Technologies to TM Tecnmatic S.P.A. of Cremona, Italy.

Founded in 1922, the FMC Gas Measurement business supplies equipment for measuring and metering natural gas and other gas products.  It markets a branded line of products under the OrificeMaster™ and MeasureMaster™ trade names through a broad network of distributors and sales representatives.  Its larger, more sophisticated products are generally sold into the Middle East and Europe and its smaller products into North America.  The products are known for quality and enjoy great customer and industry acceptance around the world.

Stevenson identified TM Tecnomatic in its worldwide search for strategic and financial buyers.  Stevenson initiated a dialog with the Italian equipment manufacturer and learned of its interest in adding gas orifice valves to its line of flow measurement devices.  In addition to new products, the acquisition adds a significant number of new customers to the company.

This transaction accomplishes the objectives of both parties.  It allows FMC Technologies to exit the business and focus on its core business interests and TM Tecnomatic to expand its product line and presence in the worldwide marketplace.  All of the employees have been retained and existing management will continue to run the day-to-day operations in its current location.  This marks the seventh business that Stevenson & Company has helped sell for FMC.