# Subsea 7 acquires remaining stake in Seaway Heavy Lifting

Subsea 7 acquired the remaining 50% shareholding in Seaway Heavy Lifting for a cash consideration of $279 million, making it a wholly-owned subsidiary.

- Type: Acquisition
- Announced: 2017-03-10
- Where: Netherlands
- Value: $279.0M
- Status: completed
- Products: heavy lift vessels, offshore installation services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Subsea 7](https://endata.com/companies/1132.md) (acquirer)
- [Seaway Heavy Lifting](https://endata.com/companies/22792.md) (target)

## Sources

- [marinelink.com](https://www.marinelink.com/news/subsea-7-acquires-seaway-heavy-lifting-423084), 2017-03-13: "Our investment to acquire the remaining shares in Seaway Heavy Lifting, such that it becomes a wholly-owned subsidiary of our group, is aligned with our strategy to grow and strengthen our business for the long-term."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.