Subsea 7 has announced the acquisition, from K&S Baltic Offshore, of its 50% shareholding in Seaway Heavy Lifting.
Following signing and completion, Seaway Heavy Lifting and its subsidiaries became wholly-owned by Subsea 7. Consolidating Seaway Heavy Lifting into the Group increases their participation in Renewables, Heavy Lifting and Decommissioning services said Jean Cahuzac, CEO, of Subsea 7.