Saipem and Subsea7 recently announce that they have reached a memorandum of understanding for a possible merger of the two companies.
Highlights
- The combination of Saipem and Subsea7 (the “Combined Company”) will be renamed Saipem7, and will have a combined backlog of €43 billion, Revenue of approx. €20 billion and EBITDA in excess of €2 billion
- A global organisation of over 45,000 people, including more than 9,000 engineers and project managers
- Saipem and Subsea7 shareholders will own 50% each of the share capital of the Combined Company
- Completion anticipated to occur in the second half of 2026
Source: https://www.saipem.com/
Contacts
Saipem
Rossella Carrara
Director External Communication and Public Affairs
media.relations@saipem.com
Subsea7
Julie Taylor
Head of Group Communications
communications@subsea7.com
