FMC Technologies Completes Acquisition of Direct Drive Systems, Inc.

HOUSTON, Nov. 2 /PRNewswire-FirstCall/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has completed the acquisition of Direct Drive Systems, Inc. (DDS). Based in Fullerton, California, DDS is a world leader in the development and manufacture of high-performance permanent magnet motors and bearings for the oil and gas industry.

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FMC Technologies, Inc. (NYSE: FTI) is a leading global provider of technology solutions for the energy industry and other industrial markets. The Company designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. Named by FORTUNE Magazine as America's Most Admired Oil and Gas Equipment, Service Company in 2008, FMC Technologies has approximately 10,400 employees and operates 19 manufacturing facilities in 14 countries. For more information visit www.fmctechnologies.com.

SOURCE FMC Technologies, Inc.