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| Technip completed two transactions in Portugal and USA The asset purchase agreement dated December 20, 2005, between Technip-Coflexip USA Holdings, Inc., a subsidiary of Technip SA, and a Gulf Island subsidiary, the purchase of the facilities, and the machinery and equipment of Gulf Marine Fabricators, a Technip subsidiary, located near Corpus Christi, Texas is completed now. Technip sold its 84% interest in Technip Portugal to the entity’s management. Based in Lisbon, this company, which executes engineering contracts for the Portuguese market, employs 150 people and had revenues of €8 million in 2004. Technip Portugal will change its name to Technoedif Engenharia and will continue to collaborate with Technip on a case-by-case basis on the Portuguese market. write your comments about the article :: © 2006 Construction News :: home page |