Acquiring Company
Saipem S.p.A
Acquired Company
Subsea7 S.A
Description
The European Commission has suspended its in-depth review of the merger between Saipem S.p.A. and Subsea7 S.A. The all-share transaction would see Subsea7 absorbed into Saipem, resulting in a renamed entity, Saipem7. The merger is expected to generate significant revenue and synergies, although completion timelines may be impacted by regulatory delays.
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Based on deal dataFrequently asked
Who acquired Subsea7 S.A?
Subsea7 S.A was acquired by Saipem S.p.A, based in Brazil. The deal was reported on September 7, 2026. Saipem is an Italian oilfield services provider Saipem S.p.A is privately held and operates in Energy.
When did Saipem S.p.A acquire Subsea7 S.A?
Saipem S.p.A's acquisition of Subsea7 S.A was reported on September 7, 2026. The European Commission has suspended its in-depth review of the merger between Saipem S.p.A. and Subsea7 S.A. The all-share transaction would see Subsea7 absorbed into Saipem, resulting in a renamed entity, Saipem7. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Subsea7 S.A do?
Subsea7 S.A is a global engineering and construction company focused on providing services for offshore oil and gas projects. It operates a diverse fleet of vessels for pipelaying and construction. It is privately held, operating in Energy, and is based in Houston.
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