TechnipFMC plc (NYSE:FTI) acquired the remaining majority stake in Magma Global Ltd. for $64 million on October 12, 2021. The cash consideration will be paid to the shareholders of Magma Global in three annual installments. The first payment of $23.9 million was paid on October 12, 2021. Jubilee Easo of Eversheds Sutherland advised TechnipFMC plc in the transaction. TechnipFMC plc (NYSE:FTI) completed the acquisition of the remaining majority stake in Magma Global Ltd. on October 12, 2021.