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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.