What smart money is saying about Saipem
1 fund in our archive has pitched Saipem — most recently Robotti Value Investors in June 2026.
Saipem SpA provides energy and infrastructure solutions worldwide. It operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. The company offers development of subsea fields and pipelaying; installation and lifting of offshore structures; engages in engineering, implementation, installation, maintenance, modification, and decommissioning activities, as well as offshore engineering and construction, and wind activities. It is also involved in onshore engineering and construction, sustainable infrastructures, and robotics and industrialized solutions; and design and construction of infrastructure projects, such as railway lines in high speed/high capacity lines. In addition, the company provides procurement, project management, and construction services to oil and gas, civil and marine infrastructure, and environmental markets. The company was founded in 1957 and is headquartered in Milan, Italy.
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Also mentioned · 3
These funds discuss Saipem — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedRoboti Value Investors Robotti & Company Advisors Update LetterJune 2026
“Against that positive industry economic outlook is the transformational combination of Subsea 7 with Saipem which will create a differentiated global leader with an extensive backlog across subsea and renewables, an expanded addressable market (given the increased worldwide concerns for energy security), and increased pricing power.”
Saipem - MentionedRobotti Value InvestorsJune 2026
“Against that positive industry economic outlook is the transformational combination of Subsea 7 with Saipem which will create a differentiated global leader with an extensive backlog across subsea and renewables, an expanded addressable market (given the increased worldwide concerns for energy security), and increased pricing power.”
Saipem - MentionedThird Avenue Management Value FundDecember 2025
“During the year, the Fund experienced modest losses on our investments in Harbour and Tidewater and a gain on our investment in Valaris, while Subsea7 was our only investment in this sector for which 2025 performance broadly kept pace with Fund performance. Subsea7’s performance was driven, at least in part, by the merger agreement announced earlier in 2025 with Saipem, one of Subsea7’s largest competitors in the oligopolistic industry of subsea oil and gas services.”
Saipem
Fund coverage · 1 thesis
- Robotti Value InvestorsJune 2026
Saipem is part of a transformative merger with Subsea 7 that is expected to create a differentiated global leader with a larger backlog, wider market exposure, and improved pricing power.
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