Schlumberger, Aker Solutions, Subsea 7 Form JV in $700 Million Deal
Transaction Type
Sellers
Buyers
Announce Date
Post Date
Estimated Price
$700.5MM
Description
To form a JV by combining Schlumberger’s and Aker Solutions’ subsea businesses with Subsea 7 as an equity partner in the new JV; combined business will have approximately 9,000 employees globally and generate an estimated synergy potential of more than $100 million per annum. (Expected to close 2H 2023)