Subsea 7 Aquires German Siem Offshore Contractors

Subsea 7 S.A. today announced that it has signed an agreement to acquire Siem Offshore Contractors GmbH and two vessels, subject to competition clearance in Germany.

The acquisition will include the entire issued share capital of Siem Offshore Contractors, the inter-array cable lay vessel Siem Aimery and the support vessel Siem Moxie. The acquisition will further expand Subsea 7’s presence in the renewables segment.  Siem Offshore Contractors is a well-known installer of subsea inter-array cables and provides repair and maintenance services to the global offshore renewable energy market. It employs approximately 100 people. The vessels, Siem Aimery and Siem Moxie, are owned by Siem Offshore Rederi AS. Siem Offshore Contractors GmbH and Siem Offshore Rederi... ... More: Official Press Release Subsea 7

Keywords:

Subsea 7, Siem Offshore Contractors, vessel, offshore, inter-array cable, lay vessel