OHT ASA and Subsea 7’s offshore fixed wind unit have been merged and rebranded to Seaway 7 ASA.
The combined company forms a listed, pure-play renewables company focused on bottom-fixed offshore wind energy projects. The company retains OHT’s listing on Oslo’s Euronext Growth market, with a view to a future listing on Oslo Børs.
Stuart Fitzgerald, incoming ceo of Seaway 7, said: “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.”
