Saipem and Subsea7 sign binding merger agreement to create Saipem7

Saipem and Subsea7 signed a binding merger agreement to combine into Saipem7, a global energy services company with about EUR 21 billion revenue and EUR 43 billion combined backlog. Completion is expected in the second half of 2026.

“Saipem and Subsea7 announce that they have entered into a binding merger agreement, on terms and conditions in line with what previously communicated.”globenewswire.com

• 1 source
• globenewswire.comSubsea7 and Saipem announce signing of the MergerJul 23, 2025

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