AI Air Liquide SA

By Inti Landauro

PARIS--French oil service company Technip SA (TEC.FR) said Monday that it had agreed to buy Zimmer Polymer Technologies from Air Liquide (AI.FR), one day after dropping plans to buy smaller peer CGG (CGG.FR).

Technip didn't disclose the amount it will pay to take over the Frankfurt-based polyamide and polyester processor, which employs 40 engineers.

Technip said on Sunday that it had dropped plans to buy CGG after talks on the merger with its management failed.

-Write to Inti Landauro at inti.landauro@wsj.com

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