FMC Technologies, Inc. announced today that it has completed the transaction to acquire the remaining 55% of the outstanding shares of Schilling Robotics LLC (“Schilling”).
FMC had previously announced on January 3, 2012, its intention to purchase the remaining outstanding shares of Schilling and increase its ownership to 100 percent.
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. The company has offices in Davis, California; Houston, Texas; and Aberdeen, Scotland.
Source: FMC Technologies, April 26, 2012; Image: Schilling Robotics