Subsea 7 boosts bet on offshore wind with new acquisition

Subsea 7 buys a majority stake in Nautilus Floating Solutions to further solidify its focus in the offshore wind sector. The move follows the recent merger of Subsea 7's renewables business with OHT.

Photo: PR/Subsea 7

Offshore company Subsea 7 acquires a majority stake in Spanish Nautilus Floating Solutions, which develops technology for the offshore floating wind market.

Oslo-listed company Subsea 7 buys a 59.12-percent stake in the Spanish company and will hold four out of seven seats in the floating wind company's board of directors.

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