TechnipFMC has agreed to sell the company’s Measurement Solutions business to One Equity Partners for $205 million in cash, according to a Nov. 20 press release.

TechnipFMC, an oil field services provider with operational headquarters in Houston, made the move as part of an overall strategy to focus on its “core products and market-leading technologies,” said Doug Pferdehirt, chair and CEO of TechnipFMC.

The Measurement Solutions business consists of terminal management and metering products and systems, with company locations in North America and Europe.  TechnipFMC announced that it expected the deal to close during the first half of 2024.