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ADES to acquire Saudi Arabian Saipem for $285 million

PRIVATEJun 26, 2026•3 months ago

Acquiring Company

ADES

Acquired Company

Saudi Arabian Saipem Limited

RiyadhBrazilOil And GasEnergyOil And Gas

Description

Saipem has signed a sale and purchase agreement with ADES Saudi Limited Company for the sale of its entire shareholding in Saudi Arabian Saipem Limited. The transaction, valued at USD 285 million, is expected to complete by the third quarter of 2026. This sale is part of Saipem's strategic focus on deepwater and harsh-environment offshore drilling. Proceeds from the deal will align with Saipem’s industrial objectives.

Company Information

Company

ADES

Location

Riyadh, Riyadh Region, Saudi Arabia

About

ADES is a leading provider of integrated services in the oil and gas sector. The company focuses on drilling, production, and engineering services. With a strong operational base, ADES aims to expand its portfolio through acquisitions. Its commitment to quality and safety has earned it a reputation in the industry.

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Predictive Intelligence
Strategic

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Saudi Arabian Saipem Limited?

Saudi Arabian Saipem Limited was acquired by ADES, based in Riyadh. The deal was reported on June 26, 2026. ADES is a leading provider of integrated services in the oil and gas sector. The company focuses on drilling, production, and engineering services. ADES is privately held and operates in Oil And Gas.

When did ADES acquire Saudi Arabian Saipem Limited?

ADES's acquisition of Saudi Arabian Saipem Limited was reported on June 26, 2026. Saipem has signed a sale and purchase agreement with ADES Saudi Limited Company for the sale of its entire shareholding in Saudi Arabian Saipem Limited. The transaction, valued at USD 285 million, is expected to complete by the third quarter of 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Saudi Arabian Saipem Limited do?

Saudi Arabian Saipem Limited (SAS) is active in shallow-water offshore drilling operations. It operates a fleet that includes both owned and leased jack-up rigs. It is privately held, operating in Energy, and is based in Brazil.

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