FMC Tech Wellhead Buy

It buys Galaxy Oilfield of Alberta.
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FMC Technologies

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acquired certain assets of Galaxy Oilfield Service, Edmonton, Alberta.

This acquisition enables the Houston-based machinery manufacturer to expand its heavy oil extraction capabilities.

Financial terms of the deal were not disclosed.

Galaxy supplies high temperature equipment used in the thermal well production of Canada's oil sands.

"Galaxy is a leader in the specialty wellhead market and we are proud to have them as part of FMC Technologies," the company added. "We believe this technology will enhance our ability to meet the needs of the growing Canadian oil sands market."

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