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flag Saipem and Subsea7 merge to form Saipem7, a $4.6 billion energy services giant.

flag Saipem and Subsea7 are merging to form Saipem7, a global leader in energy services, valued at over $4.6 billion. flag The combined company will have a backlog of €43 billion, revenue of €20 billion, and an EBITDA of over €2 billion. flag Expected annual synergies of €300 million are anticipated by the third year post-merger. flag The deal aims to create significant value for shareholders and improve services offered to clients.

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