October 21, 2009 (FinancialWire) — FMC Technologies, Inc. (NYSE: FTI), a maker of oil drilling equipment, has completed its acquisition of Multi Phase Meters AS. The deal, as reported in late September, called for a cash payment of $30 million.

The deal also called for performance-based payouts in 2012 and 2013.

Stavanger, Norway-based Multi Phase Meters is engaged in the development and manufacture of multiphase flow meters for the oil and gas industry.

Houston-based FMC Technologies designs, manufactures and services systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry.

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