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MN-01072

Saipem / Subsea7

View on ACCC

Processing timeline

33

days

Filed

27 Apr 2026

Decision Due

6 July 2026

Est decision date: 20 May 2026. Based on 3 decided Construction & Building Materials notifications.

Type
Notification
Outcome
Pending
Stage
Phase 1 - initial assessment
Status
Under assessment

Parties

Acquirer

Saipem

Target

Subsea7

Other parties

None listed

Notes

Saipem S.p.A proposes to merge with Subsea7 S.A. The transaction combines two global engineering and construction companies active in the energy sector. Both provide offshore services, including subsea infrastructure (SURF), offshore wind, and inspection, repair, maintenance and decommissioning (IRMD).

Industry

Broad:Construction & Building MaterialsANZSIC 3109:Other Heavy and Civil Engineering ConstructionANZSIC 6923:Engineering Design and Engineering Consulting Services