Subsea 7 completes the acquisition of 4Subsea.

Subsea 7, a leader in the delivery of offshore projects and services for the evolving energy industry completes the acquisition of 4Subsea, a provider of technology and engineering services for offshore drilling and wind farms. Financial terms were not disclosed. The acquisition will enable further enhancement and scaling of 4Subsea’s know-how, technology, and services to a worldwide market. 4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team. “We are proud and happy to become a Subsea 7 company, as we regard this as an excellent opportunity to scale our technology and services to a larger market. We aim to combine our ability to deliver quick and targeted business value within the well intervention, drilling, subsea operations, and offshore wind with Subsea 7’s strong position as a leading player within the subsea and renewables market." Peter Jenkins, 4Subsea CEO.