Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) yesterday announced the completion of the acquisition of Siem Offshore Contractors GmbH (Siem Offshore Contractors) 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.
Source: Subsea 7