Subsea 7 lands acquisition of Siem subsidiary
![Photo: Subsea 7](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article6850284.ece/ALTERNATES/schema-16_9/Subsea%25207%2520Acergy%2520Discovery%252020153.jpg)
Subsea 7 has reached agreement with Siem Offshore for the acquisition of the company's subsidiary, cable company Siem Offshore Contractors, as well as two vessels. The transaction totals EUR 140 million (USD 170 million).
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