Saipem finalises Naval Energies floating wind power acquisition agreement

Source: press release, 13 July 2021

Saipem confirms its increasingly active presence in the field of initiatives linked to the development of offshore wind
Saipem confirms its increasingly active presence in the field of initiatives linked to the development of offshore wind (photo: Saipem)

Saipem and Naval Energies, a subsidiary of Naval Group, which on 4 June announced the signature of an agreement for the acquisition of Naval Energies’ floating wind business, have announced that all the conditions necessary to complete the transaction are verified.

Saipem acquired from Naval Energies the activities in the floating wind energy sector relating to the engineering know-how of floating units, the related intellectual property rights and integrated a dedicated team of Naval Energies with expertise in modelling and simulation into its organisation.

With this acquisition, Saipem expands its technology portfolio and further strengthens its position in the market of offshore renewables, specifically floating wind, believing that innovation and sustainability are the key to achieving climate neutrality by 2050. Saipem is therefore confirmed as a strategic partner for net zero.