Saipem and Subsea7 Merger to form Saipem7

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