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Saipem says Deep Value Driller deal falls through

Published by Global Banking & Finance Review

Posted on February 25, 2026

1 min read

· Last updated: April 2, 2026

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MILAN, Feb 25 (Reuters) - Italian energy servicer Saipem said on Wednesday it would not be able to complete the planned acquisition of the Deep Value Driller AS' drilling unit after the seller chose

Saipem Says Deep Value Driller Deal Collapses; 2026 Outlook Steady

Saipem–Deep Value Driller Deal Termination

MILAN, Feb 25 (Reuters) - Italian energy servicer Saipem said on Wednesday it would not be able to complete the planned acquisition of the Deep Value Driller AS' drilling unit after the seller chose another buyer.

Company Reserves Legal Options

Saipem said it reserved the right to take any appropriate legal action to safeguard its interests and rights in any forum.

2026 Guidance Remains Unchanged

The Italian company added its 2026 financial guidance, announced late on Tuesday, remained unchanged.

Reporting and Editing Credits

(Reporting by Francesca Landini, editing by Gianluca Semeraro)

Key Takeaways

  • Saipem will not complete its planned purchase of Deep Value Driller AS's drilling unit.
  • The seller selected another buyer, ending Saipem’s proposed transaction.
  • Saipem reserved the right to pursue appropriate legal action to protect its interests.
  • The company said its 2026 financial guidance remains unchanged.
  • Announcement dated Feb 25 in Milan and attributed to Reuters reporting.

References

Frequently Asked Questions

What is the main topic?
Saipem announced it cannot complete the planned acquisition of Deep Value Driller AS's drilling unit after the seller chose another buyer. The company is evaluating legal options and kept its 2026 outlook unchanged.
Why did the deal collapse?
According to Saipem, the seller opted for a different buyer, preventing completion of the previously planned transaction. Saipem has reserved the right to take legal action.
Does this affect Saipem's 2026 guidance?
No. Saipem stated that its 2026 financial guidance, disclosed the prior day, remains unchanged despite the failed transaction.

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