# TechnipFMC and Magma Global collaborate on hybrid flexible pipe, TechnipFMC buys minority stake

TechnipFMC agreed a collaboration agreement with Magma Global to develop a new generation of hybrid flexible pipe for offshore applications, and is purchasing a minority stake in Magma Global.

- Type: Partnership
- Announced: 2018-03-23
- Status: announced
- Products: hybrid flexible pipe

## Companies

- [TechnipFMC](https://endata.com/companies/1151.md) (partner)
- [Magma Global](https://endata.com/companies/3030.md) (partner)

## Sources

- [rigzone.com](https://www.rigzone.com/news/technipfmc_magma_global_in_collaboration_agreement-23-mar-2018-153992-article/), 2018-03-23: "As part of the collaboration, TechnipFMC is purchasing a minority stake in Magma Global."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.