Subsea 7 snaps up businesses from bankrupt EMAS Chiyoda Subsea

Norwegian subsea services player Subsea 7 has announced the acquisition of certain businesses of a bankrupt EMAS Chiyoda Subsea (ECS).  To recall, Emas Chiyoda Subsea, a joint venture between Ezra Holdings Limited and the Chiyoda Corporation, filed a petition for bankruptcy protection at a U.S. court in late February. Subsea 7 informed on Thursday that the acquisition, […]

Read full original article »