Technip to Sell Its Subsidiary TPS
PARIS -- April 8, 2014
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has signed an agreement to
sell to WSP^(1) its TPS subsidiary, which specializes in engineering and
construction for the industry.
Based in Paris with offices located in Lyon, Toulouse and Abu Dhabi, TPS
brings together all the necessary skills to devise and realize outstanding
private and public projects: structures, thermal engineering, electrical
engineering, sub-trade, exterior fittings… TPS holds an impressive achievement
track-record most notably working on Bibliothèque de France, Renault’s
Technocentre and Airbus’ A380 assembly plant.
This sale is in line with Technip’s strategy to focus on energy, its core
business. It will also enable TPS to better tackle its operational challenges
and to carry on its growth as part of WSP, one of the world’s leading
professional services firms with a strong expertise in the building sector.
The closing of the operation should take place within the first six months of
^(1) WSP is one of the world’s leading professional services firms, working
with governments, businesses, architects and planners and providing integrated
solutions across many disciplines. The firm provides services to transform the
built environment and restore the natural environment, and its expertise
ranges from environmental remediation to urban planning, from engineering
iconic buildings to designing sustainable transport networks, and from
developing the energy sources of the future to enabling new ways of extracting
essential resources. Its shares are traded in the Toronto Stock Exchange under
the symbol WSP.
Technip is a world leader in project management, engineering and construction
for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex
Offshore and Onshore infrastructures, our 40,000 people are constantly
offering the best solutions and most innovative technologies to meet the
world’s energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets on all
continents and operates a fleet of specialized vessels for pipeline
installation and subsea construction.
Technip shares are listed on the NYSE Euronext Paris exchange and ADR is
traded in the US on the OTCQX marketplace as an American Depositary Receipt
Floriane Lassale-Massip, Tel. +33 (0) 1 47 78 79 32
Laure Montcel, Tel. +33 (0) 1 49 01 87 81
Investor and Analyst Relations
Kimberly Stewart, Tel.+33 (0) 1 47 7866 74
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