Saipem S.p.A (Saipem) proposes to merge with Subsea7 S.A (Subsea7) (the Acquisition).
Saipem is a global engineering and construction company that provides services for the energy sector, across both offshore and onshore projects. These services include the design, engineering, procurement, fabrication and installation of subsea infrastructure - umbilicals, risers and flowlines – that connects subsea wells and production systems to certain surface facilities (known as SURF). SURF projects can be completed using one of a number of different pipelaying methods.
Saipem also provides offshore wind infrastructure (limited to foundations and substations); inspection, repair, maintenance and decommissioning (IRMD) of subsea infrastructure and assets; and the maintenance, modification and operation of energy assets. Saipem also specialises in above-the-surface and onshore activities.
Subsea7 is a global engineering and construction company that provides services for the offshore energy sector. Subsea7 focuses on SURF, offering a variety of SURF pipelaying methods as well as offshore wind infrastructure and IRMD.
27 Apr 2026
6 Jul 2026
The period for providing submissions or information in response to the ACCC’s Phase 1 questionnaire has concluded.
Timeline extended by 18 business days – following request by parties
