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Saipem and Subsea7 merge to form Saipem7, a $4.6 billion energy services giant.
Saipem and Subsea7 are merging to form Saipem7, a global leader in energy services, valued at over $4.6 billion.
The combined company will have a backlog of €43 billion, revenue of €20 billion, and an EBITDA of over €2 billion.
Expected annual synergies of €300 million are anticipated by the third year post-merger.
The deal aims to create significant value for shareholders and improve services offered to clients.
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Saipem y Subsea7 se fusionan para formar Saipem7, un gigante de servicios energéticos de 4,6 mil millones de dólares.