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Subsea 7 — M&A Activity 2018
Apr 10, 2018
6244_rns_2018-04-10_e7eab756-4859-4d5b-866c-ff4a22f86c40.html
M&A Activity
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Subsea 7 announces completion of Siem Offshore Contractors acquisition
Subsea 7 announces completion of Siem Offshore Contractors acquisition
Luxembourg - 10 April 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the completion of the acquisition of Siem Offshore Contractors GmbH ("Siem Offshore Contractors") and two vessels, the inter-array cable lay vessel Siem Aimery and the support vessel Siem Moxie, from the Siem Offshore Group. On completion, Siem Offshore Contractors became a wholly-owned subsidiary of the Subsea 7 Group.
Following completion the results of Siem Offshore Contractors will be reported within the Renewables and Heavy Lifting business unit.
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Subsea 7 S.A. is a leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry. We provide technical solutions to enable the delivery of complex projects in all water depths and challenging environments.
Subsea 7 is listed on the Oslo Bors (SUBC), ISIN LU0075646355.
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Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 (0)20 8210 5568
www.subsea7.com