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Slide #68. Forum Energy Technologies, Inc. — Moffat 2000
Forum Energy Technologies, Inc. (NYSE:FET)
Forum Energy Technologies, Inc. (NYSE:FET) announced today that it acquired Moffat 2000 Ltd. ("Moffat"), a leading manufacturer of subsea pipeline inspection gauge launching and receiving systems, and subsea connectors. Moffat is based in Newcastle, England.
Forum Energy Technologies is an oilfield products company. Co. has three business segments: Drilling and Subsea, which provides drilling technologies, including capital equipment and a line of products consumed in the drilling process, and subsea technologies, including robotic vehicles and other capital equipment, and products used in pipeline infrastructure; Completions, which provides downhole technologies, including cementing and casing tools, completion products, and a range of downhole cable protection solutions; and Production and Infrastructure, which supplies production equipment, including well site production and process equipment, and a range of industrial and process valves.
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