Saipem and Subsea7 have agreed to a merger, forming Saipem7, a leading global energy services provider, with significant operational synergies and a strong backing from major shareholders.

Information on the Target

Saipem is a renowned global leader in the engineering and construction of major energy and infrastructure projects, both offshore and onshore. The company is organized into various business lines including Asset-Based Services, Drilling, Energy Carriers, Offshore Wind, Sustainable Infrastructures, and Robotics & Industrialized Solutions. With 6 fabrication yards and a fleet of 21 construction vessels, Saipem is committed to driving technological innovation and supporting clients on their energy transition towards sustainability. Currently listed on the Milan Stock Exchange, Saipem operates in over 50 countries and employs approximately 30,000 individuals from more than 120 nationalities.

Subsea7, on the other hand, is a significant player in the energy industry, specializing in offshore projects and services. The company focuses on enabling the energy transition towards lower-carbon solutions within the oil and gas sector while also promoting the growth of renewable energy sources. By leveraging innovative approaches to offshore project management, Subsea7 plays a vital role in delivering sustainable energy solutions.

Industry Overview in Italy

The energy sector in Italy is increasingly embracing green technology and sustainable practices, reflecting a global trend towards energy transition. Italy is home to several initiatives aimed at enhancing renewable energy con