TechnipFMC's measurement solutions business will be rebranded as Guidant and specialize in measurement technology, digital and automation solutions and global systems. (Source: Shutterstock, Guidant)
Private firm One Equity Partners (OEP) completed the acquisition of TechnipFMC’s measurement solutions business, according to a March 27 press release.
Part of OEP’s “corporate carve-out strategy,” the business will be rebranded as Guidant and specialize in measurement technology, digital and automation solutions and global systems, the release said.
“[Guidant’s] creation came about through consistent collaboration between the management team, OEP’s team and a large group of dedicated outside advisors to complete a complex corporate carve-out, involving three separate business units spread across multiple countries,” said J.B. Cherry, partner at OEP.
Guidant’s CEO Laura Schilling said that there is increased demand for instrumentation and automation solutions due to new regulations, fuel diversification, green energy investment, evolving data security and increasing life of assets.
OEP said it completed 21 similar business unit divestitures across its latest four funds, including 11 which operate in industrial focused end-markets.
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