Subsea7 and Saipem Sign Merger Agreement to Create a Global Energy Giant: Saipem7

Written by Andriely Medeiros de Araújo

Published on 25/07/2025 at 11:47

Subsea7 e Saipem assinam fusão para formar a Saipem7, gigante do setor de energia. A nova empresa nasce com sede em Milão e foco em soluções integradas offshore e onshore.

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Subsea7 and Saipem Sign Merger to Form Saipem7, An Energy Sector Giant. The New Company Will Be Based in Milan and Focused on Integrated Offshore and Onshore Solutions.

Subsea7 and Saipem officially announced last Wednesday (24) a binding merger agreement, consolidating a union that promises to transform the global energy sector. The new company, named Saipem7, will arise from the incorporation of Subsea7 by Saipem in a cross-border operation within the European Union. The headquarters will be in Milan, Italy, and the merger process is expected to be completed in the second half of 2026.

A New Energy Giant: What to Expect from Saipem7

The merger between Subsea7 and Saipem aims to combine expertise to tackle the growing challenges of large global energy projects, enhancing the technical and operational capabilities of the companies.

The expectation is that the new company will become one of the global leaders in engineering, construction, and offshore and onshore services.

ARTICLE CONTINUES BELOW

Strategic Leadership and Organizational Structure

Saipem7 will be led by names already recognized in the sector. Kristian Siem will take over as Chairman of the Board, while Alessandro Puliti will serve as CEO.

Puliti will also lead the Offshore Engineering and Construction unit, whose operational management will be the responsibility of John Evans.

This unit will be autonomous within the Saipem7 structure and will retain the name Subsea7, under the brand “Subsea7, a Saipem7 Company.”

It will bring together all operations of the former Subsea7 and a portion of Saipem’s assets, especially those related to offshore wind energy.

The estimate is that this area will represent around 84% of the new company’s EBITDA for the 12 months ending December 2024.

Four Areas of Operation for Greater Global Efficiency

The Saipem7 structure will be organized into four strategic divisions:

Offshore Engineering and Construction
Onshore Engineering and Construction
Sustainable Infrastructures
Offshore Drilling

With this organization, the company aims to enhance its operational efficiency and deliver added value to global clients, reinforcing its role as a provider of complete and sustainable solutions.

With approximately 44 thousand employees, including over 9 thousand engineers and project managers, Saipem7 is born with a solid foundation to accelerate complex energy projects.

The integration of talents and technical resources reinforces the company’s commitment to innovation, safety, and sustainability.

The merger between Subsea7 and Saipem represents more than the union of two established brands: it is the creation of a powerhouse capable of leading the global energy transition with smart solutions and operational scale.

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Subsea7 and Saipem Sign Merger Agreement to Create a Global Energy Giant: Saipem7

Subsea7 and Saipem Sign Merger to Form Saipem7, An Energy Sector Giant. The New Company Will Be Based in Milan and Focused on Integrated Offshore and Onshore Solutions.

A New Energy Giant: What to Expect from Saipem7

Strategic Leadership and Organizational Structure

Four Areas of Operation for Greater Global Efficiency

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Subsea7 and Saipem Sign Merger Agreement to Create a Global Energy Giant: Saipem7

Subsea7 and Saipem Sign Merger to Form Saipem7, An Energy Sector Giant. The New Company Will Be Based in Milan and Focused on Integrated Offshore and Onshore Solutions.

A New Energy Giant: What to Expect from Saipem7

Strategic Leadership and Organizational Structure

Four Areas of Operation for Greater Global Efficiency

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

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China has deployed snake-shaped robots to slide along power lines, where they have already inspected over 130 kilometers of cables using cameras and sensors to detect damaged wires, worn-out parts, and overheating.

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