Subsea 7 acquires Spanish wind technology company

Subsea 7 has acquired a majority stake in Nautilus Floating Solutions, a Spanish floating wind technology company.

The offshore energy company will hold a 59.12% share of the renewable energy developer, Subsea 7 announced on Monday.

The remaining shares are held by technology developer Tecnalia and design and manufacturer Vicinay, with shares of 29.14% and 11.74%, respectively.

Nautilus has created a four-column floating wind foundation that supports a wind turbine in offshore waters.

The contract value was not disclosed.

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