OHT ASA and Subsea 7’s Offshore Fixed Wind Unit Combination Completed Today – (1 October)

Seaway 7 ASA is pleased to confirm combination between OHT ASA and Subsea 7’s offshore fixed wind unit has today been completed.

The combined company, renamed Seaway 7 ASA, retains OHT’s listing on Oslo’s Euronext Growth market, with a view to a future listing on Oslo Børs.

The new combined company forms a listed, pure-play renewables company focused on bottom-fixed offshore wind.

Stuart Fitzgerald, incoming CEO of Seaway 7, commented “We are very pleased to reach this milestone and begin operations as the newly combined Seaway 7 Group. The industrial logic of the combination, which strengthens and broadens our offering, whilst adding differentiated assets to a market leading capability and track record, has been well understood by our clients, investors and employees. We look forward to positioning Seaway 7 as one of the market leaders in the delivery of bottom-fixed offshore wind farm solutions, contributing to an efficient and sustainable energy supply for the future.”

Source Seaway 7 Communications