Baker Hughes Rumored To Acquire Subsea 7

Published: Oct 11 2017
Deal Summary

Baker Hughes Incorporated, an integrated oilfield service provider, intends to acquire Subsea 7 S.A., a subsea engineering, construction and services company, according to the people familiar with the matter said.

Subsea 7 is a seabed-to-surface engineering, construction and services provider to the offshore energy industry. The company provides cost-effective technical solutions to enable the delivery of complex projects in all water depths and challenging environments.

The transaction will enable Baker Hughes to expand its business operations.

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