A merger between Italian eng'neering
giant Saipem and Norwegian undersea engineering multinational
Subsea 7 shows the solidity of the 'Italian System' and created
the world's leading energy engineering company, Premier Giorgia
Meloni said after he deal was announced Tuesday.
"I welcome with great satisfaction the news of the merger
agreement between the Italian Saipem and the Norwegian Subsea 7,
an extremely significant operation that will allow the creation
of the first global company in the energy engineering sector",
she said in a statement.
"The future group will be based in Italy and will pool the
strengths that already characterize Saipem and Subsea 7, two
highly complementary entities in terms of geographical presence,
skills, capacity, naval fleets and technology.
"This agreement represents further evidence of the solidity and
vitality of the Italian System and of the economic, productive
and industrial excellence that are part of it".
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