# TechnipFMC and Magma Global agree collaboration for hybrid flexible pipe

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

- Type: Partnership
- Announced: 2018-03-22
- Status: announced
- Products: hybrid flexible pipe
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [fuelsandlubes.com](https://www.fuelsandlubes.com/businesswire/technipfmc-and-magma-global-to-enter-into-a-strategic-collaboration-agreement-for-hybrid-flexible-pipe/), 2018-03-22: "I am very pleased that we have reached this agreement with Magma, which will further enhance TechnipFMC’s Subsea 2.0 product platform."

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