Acquiring Company
Subsea7 S.A
Acquired Company
Saipem SpA
Houston
MilanEnergyOil And GasEnergyOil And GasDescription
The European Union has suspended its review of the merger between Saipem SpA and Subsea7 SA as regulators await additional information. This delay could push the transaction's completion into early 2027, creating uncertainty around the merger timeline. If completed, the merger will form one of the largest offshore engineering groups in the world. Both companies have been preparing for significant cost synergies and shareholder dividends.
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Based on deal dataFrequently asked
Who acquired Saipem SpA?
Saipem SpA was acquired by Subsea7 S.A, based in Houston. The deal was reported on September 7, 2026. 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. Subsea7 S.A is privately held and operates in Energy.
When did Subsea7 S.A acquire Saipem SpA?
Subsea7 S.A's acquisition of Saipem SpA was reported on September 7, 2026. The European Union has suspended its review of the merger between Saipem SpA and Subsea7 SA as regulators await additional information. This delay could push the transaction's completion into early 2027, creating uncertainty around the merger timeline. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Saipem SpA do?
Saipem SpA is an Italian oil services company specializing in engineering and construction activities in the oil and gas sector. It operates in various markets, including Mediterranean, North Africa, and the Americas. It is privately held, operating in Energy, and is based in Milan.
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