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US News Naval Group will yield its activities in the Floating Wind at an Italian group

19:00  17 may  2021
19:00  17 may  2021 Source:   pressfrom.com

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Naval Group va céder ses activités dans l'éolien flottant à un groupe italien © Marliesplatvoet / Pixabay Naval Group will yield its activities in the winding wind on an Italian group Croumed under the projects, the French group specialized in the French Naval Defense was looking for a buyer for his Naval Energies subsidiary. It is now done, with negotiations being underway with the Italian Saipem.

more than a month before finalizing the acquisition. Naval Group entered exclusive negotiations with the Italian Saipem group for the recovery of its Naval Energies subsidiary in the floating wind, has been learned on Monday close to the file. The French group specializing in the Naval Defense had announced in early February its intention to cease the activities of Naval Energies and to find a buyer.

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Naval Group highlighted his need to focus on his core business as he faces several major projects, such as the construction of 12 submarines in Australia and the preparation of future nuclear and submarine aircraft holders nuclear launchers of engines (SNLE) French. "Several candidates have manifested themselves and we have retained Saipem", a multinational of 32,000 employees present in more than 60 countries, AFP said a source close to the file.

In France, Saipem, which participates in the construction of the sea wind farm off Calvados, realized a turnover of nearly 900 million euros in 2020 through its Saipem Sa and Sofresid Engineering SA subsidiaries. The acquisition should be finalized in June, according to this source, which did not specify the amount envisaged of the transaction.

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Naval Group, which was then called DCNs, launched in 2008 in renewable marine energies and intended to develop three Technologies: The hydroleum, the floating wind, for which it manufactures semi-submersible flotation systems, and the thermal energy of the seas (exploitation of temperature differences between deepwater and the surface to produce electricity) .

She had grouped these activities in the subsidiary DCNS Energies, which became Naval Energies. The company was aimed at at least one billion euros within 10 years, but did not generate "no turnover, which investments", confided in February in Naval Group where one highlighted the immaturity of the marine renewable energy market. The group had become the sole shareholder of his subsidiary at the end of last year.

The perimeter of the recovery by Saipem concerns the wind farming wind, the largest activity of Naval Energies, and 30 of the 100 employees of the company, based in Paris, Nantes and Brest. For the other 70, "Naval Group is committed to proposing a job to employees who wish to return", according to the source close to the file.

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