March 14, 2024
Highlights
* Two global leaders in Floating Offshore Wind join forces to provide new
energy solutions
* The combination of proven technologies, engineering know-how and recognized
delivery expertise will enhance the confidence in the emerging floating
offshore wind market
SBM Offshore and Technip Energies are pleased to announce the signing of a
Memorandum of Understanding for the creation of a joint venture entity, EkWiL.
The new company will be a Floating Offshore Wind (FOW) pure player, capable of
proposing a wide range of solutions to clients.
EkWiL will combine the people expertise, engineering and delivery capabilities,
and complementary technologies of Technip Energies and SBM Offshore, creating
integrated floating solutions and leading delivery offerings for the Floating
Offshore Wind market. This unique positioning will enhance execution certainty
and cost competitiveness to these innovative projects.
The 50/50 JV will operate as a fully integrated team, bringing together
knowledge, innovation and capacities to develop the two leading-edge
technologies (Semi-submersible INO15 by T.EN(TM) and Tension Leg Platform
Float4Wind(®)) covering a large spectrum of the Floating Offshore Wind market,
and bring them to commercial deployment.
? Bruno Chabas, CEO of SBM Offshore, commented: "Our aim is to become a
recognized leading contractor in developing floating offshore wind
infrastructures. Collaboration is fundamental to position our ambitions
sustainably while managing the pace of infrastructure development and the
challenging economics of these pioneering systems. We are pleased to share our
experience with the right partner, broadening the range of solutions and
reinforcing our energy transition commitment."
? Arnaud Pieton, CEO of Technip Energies, commented: "Joining forces and
collaborating are necessary to capture the potential of the nascent floating
offshore wind market. By leveraging the synergies of complementary technologies
and supply chain experience, EkWiL will increase predictability to meet market
demand and deliver on our ambition to provide new energy solutions."
As is customary for transactions such as these, there are a number of matters
that Parties will attend to for completion of the transactions, which includes
satisfactory conclusion of due diligence, engagement with employee
representative bodies to complete relevant consultations, and having in place
all necessary regulatory approvals.
SBM Offshore
Evelyn Tachau Brown
Group Communications & Change
Director Technip Energies
Tel: +377 (0) 6 40 62 30 34
Email: evelyn.tachau-
brown@sbmoffshore.com
(mailto:evelyn.tachau- Jason Hyonne
brown@sbmoffshore.com) Press Relations & Social Media Manager
Tel: +33 1 47 78 22 89
Email: Jason Hyonne
(mailto:media_@technipenergies.com)
Wouter Holties
Corporate Finance & Investor
Relations Manager
Tel: +31 (0) 6 23 34 37 64 Phil Lindsay
Email: wouter.holties@sbmoffshore.com Vice-President Investor Relations
(mailto:wouter.holties@sbmoffshore.co Tel: +44 20 7585 5051
m) Email: Phillip Lindsay
(mailto:investor.relations@technipenergi
es.com)
About SBM Offshore
SBM Offshore designs, builds, installs, and operates offshore floating
facilities for the offshore energy industry. As a leading technology provider,
we put our marine expertise at the service of a responsible energy transition by
reducing emissions from fossil fuel production, while developing cleaner
solutions for alternative energy sources.
More than 7,400 SBMers worldwide are committed to sharing their experience to
deliver safe, sustainable, and affordable energy from the oceans for generations
to come. For further information: www.sbmoffshore.com
(http://www.sbmoffshore.com)
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy
transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen
and ethylene as well as growing market positions in blue and green hydrogen,
sustainable chemistry and CO2 management. The company benefits from its robust
project delivery model supported by extensive technology, products and services
offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our
client's innovative projects to life, breaking boundaries to accelerate the
energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts
("ADRs"). For further information: www.ten.com (http://www.ten.com)
Market Abuse Regulation
This press release may contain inside information within the meaning of Article
7(1) of the EU Market Abuse Regulation.
SBM Offshore Disclaimer
Some of the statements contained in this release that are not historical facts
are statements of future expectations and other forward-looking statements based
on management's current views and assumptions and involve known and unknown
risks and uncertainties that could cause actual results, performance, or events
to differ materially from those in such statements. These statements may be
identified by words such as 'expect', 'should', 'could', 'shall' and similar
expressions. Such forward-looking statements are subject to various risks and
uncertainties. The principal risks which could affect the future operations of
SBM Offshore N.V. are described in the 'Impact, Risk and Opportunity Management'
section of the 2023 Annual Report.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results and performance of the
Company's business may vary materially and adversely from the forward-looking
statements described in this release. SBM Offshore does not intend and does not
assume any obligation to update any industry information or forward-looking
statements set forth in this release to reflect new information, subsequent
events or otherwise.
Nothing in this release shall be deemed an offer to sell, or a solicitation of
an offer to buy, any securities. The companies in which SBM Offshore N.V.
directly and indirectly owns investments are separate legal entities. In this
release "SBM Offshore" and "SBM" are sometimes used for convenience where
references are made to SBM Offshore N.V. and its subsidiaries in general. These
expressions are also used where no useful purpose is served by identifying the
particular company or companies.
"SBM Offshore®", the SBM logomark, "Fast4Ward®", "emissionZERO®" and
"Float4Wind®" are proprietary marks owned by SBM Offshore.
Technip Energies | Important Information for Investors and Securityholders
Forward-Looking Statement
This Press Release contains forward-looking statements that reflect Technip
Energies' (the "Company") intentions, beliefs or current expectations and
projections about the Company's future results of operations, anticipated
revenues, earnings, cashflows, financial condition, liquidity, performance,
prospects, anticipated growth, strategies and opportunities and the markets in
which the Company operates. Forward-looking statements are often identified by
the words "believe", "expect", "anticipate", "plan", "intend", "foresee",
"should", "would", "could", "may", "estimate", "outlook", and similar
expressions, including the negative thereof. The absence of these words,
however, does not mean that the statements are not forward-looking. These
forward-looking statements are based on the Company's current expectations,
beliefs and assumptions concerning future developments and business conditions
and their potential effect on the Company. While the Company believes that these
forward-looking statements are reasonable as and when made, there can be no
assurance that future developments affecting the Company will be those that the
Company anticipates.
All of the Company's forward-looking statements involve risks and uncertainties,
some of which are significant or beyond the Company's control, and assumptions
that could cause actual results to differ materially from the Company's
historical experience and the Company's present expectations or projections.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from
those set forth in the forward-looking statements.
For information regarding known material factors that could cause actual results
to differ from projected results, please see the Company's risk factors set
forth in the Company's 2022 Annual Financial report filed on March 10, 2023,
with the Dutch Authority for the Financial
Markets (AFM) and the French Autorité des Marchés Financiers which include a
discussion of factors that could affect the Company's future performance and the
markets in which the Company operates. Please also see Section 1.3 (Principal
Risks and Uncertainties) of the Company's 2023 Half-Year Report which was filed
with the AFM and the AMF on July 27, 2023.
Forward-looking statements involve inherent risks and uncertainties and speak
only as of the date they are made. The Company undertakes no duty to and will
not necessarily update any of the forward-looking statements in light of new
information or future events, except to the extent required by applicable law.
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