Subsea 7 Announces Completion of Siem Offshore Contractors Acquisition
Wednesday 11 April 2018
Subsea 7 S.A. announced the completion of the acquisition of Siem Offshore Contractors GmbH 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.