FMC Technologies to acquire automation company Control Systems International
FMC Technologies said Friday it has agreed to acquire Control Systems International (CSI), a supplier of process control and automation system solutions.
Terms of the transaction, which is subject to various closing conditions, were not disclosed.
CSI was founded in 1968, with a portfolio that includes FUEL-FACS+ - the company's terminal automation and information management system - and UCOS (user configurable open system), a 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,” Potter added.
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