FMC Technologies, Inc. (FTI) announced it plans to acquire Multi Phase Meters AS. FMC intends to acquire 100 percent ownership of MPM upon closing, with an initial cash payment of about $30 million and two earn-out payments based on 6.6 times 2012 and 2013 EBITDA. The transaction is expected to close in the fourth quarter of 2009 and be accretive in 2011. The Stavanger, Norway-based MPM is a global leader in the development and manufacture of high-performance multiphase flow meters for the oil and gas industry.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.