FMC Technologies to Acquire Control Systems International, Inc.
17 February 2012
HOUSTON, Feb. 17, 2012 /PRNewswire/ - FMC Technologies, Inc. (NYSE: FTI) announced today it has signed a definitive agreement to acquire Control Systems International, Inc. (CSI). Terms of the transaction, which is subject to further due diligence and various closing conditions, were not disclosed.
Founded in 1968, CSI is a leading supplier of innovative control and automation system solutions. These include FUEL-FACS+®, the company's Terminal Automation and Information Management System, and UCOS® (User Configurable Open System), a complete supervisory control and data acquisition system and software solution. Headquartered in Lenexa, Kansas, with operations in Irvine, California, and London, England, CSI has approximately 150 employees.
"The addition of CSI enhances FMC's automation and controls technologies and supports our long-term strategy to expand our subsea production and processing systems," said Robert Potter, FMC's Executive Vice President of Energy Systems. "This acquisition also provides immediate benefits for our Measurement Solutions business to offer comprehensive fuel terminal and pipeline automation systems, resulting in significant value to our customers."