FMC Technologies Acquires Assets of Galaxy Oilfield Service Ltd
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Press release date: September 1, 2006
Houston, TX, September 01, 2006 - FMC Technologies (NYSE: FTI) announced today that it has acquired certain assets of Galaxy Oilfield Service Ltd., based in Edmonton, Alberta, Canada. Galaxy is the market leader in the supply of unique, high temperature equipment used in the thermal well production of Canada's oil sands. This acquisition enables FMC Technologies' Surface Wellhead business to expand its heavy oil extraction capabilities and address the projected growth of oil sands production in Canada and into other heavy oil markets around the world.
"Galaxy is a leader in the specialty wellhead market and we are proud to have them as part of FMC Technologies," said Peter D. Kinnear, President and Chief Operating Officer, FMC Technologies. "We believe this technology will enhance our ability to meet the needs of the growing Canadian oil sands market."
For more information on Galaxy products and oil sands technology, please visit www.fmctechnologies.com/galaxy.
FMC Technologies, Inc. (www.fmctechnologies.com) is a global leader providing mission-critical technology solutions for the energy, food processing and air transportation industries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products for its customers through its Energy Systems (comprising Energy Production Systems and Energy Processing Systems), FoodTech and Airport Systems businesses. FMC Technologies employs approximately 10,000 people and operates 32 manufacturing facilities in 17 countries.
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