Vinson & Elkins Advises FMC On $120M Energy Deal

Law360, New York (September 10, 2009, 6:38 PM EDT) -- FMC Technologies Inc. plans to buy Direct Drive Systems for about $120 million, in a deal the energy technology services company expects to close in the fourth quarter of 2009.

Direct Drive, which is based in Cerritos, Calif., manufactures motors and related parts for the natural gas and oil industries.

FMC designs, manufactures and services technology systems for the energy industry, including subsea production and processing systems, surface wellhead systems, and marine loading systems.

The deal will allow FMC to expand its already dominant oil recovery...
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