Information on the target
Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. The company operates through various business lines, including Asset Based Services, Drilling and Sonsub, Energy Carriers, Offshore Wind, and Sustainable Infrastructures. With a robust offshore fleet comprising 17 construction vessels and 12 drilling rigs, Saipem is well-positioned to undertake complex projects worldwide.
In 2025, Saipem reported revenue of €15,497 million, reflecting a 6.5% increase from €14,549 million in 2024. The adjusted EBITDA for the same period reached €1,716 million, a significant improvement from €1,329 million in the previous year. This growth is attributed to enhanced performance in both the Offshore and Onshore Engineering & Construction segments.
Industry overview in the target’s specific country
The engineering and construction industry in Italy, where Saipem is headquartered, is characterized by a diverse range of projects, including infrastructure development, energy production, and environmental sustainability initiatives. The sector has been experiencing a gradual recovery post-pandemic, driven by increased investments in renewable energy and infrastructure modernization. This trend is expected to continue as the Italian government prioritizes green initiatives and sustainable development.
Moreover, the drilling sector has seen fluctuations due to varying contract expiry and renegotiation timings, which can significantly impact revenue streams. The demand for drilling services is closely tied to global oil prices and geopolitical stability, making it essential for companies like Saipem to adapt to market conditions effectively.
In recent years, Italy has also focused on enhancing its offshore capabilities, particularly in the Mediterranean region. This has opened up new opportunities for companies engaged in offshore drilling and construction, as the government seeks to harness its natural resources while adhering to environmental regulations.
Overall, the Italian engineering and construction industry is poised for growth, with Saipem at the forefront, leveraging its tec…