Business
Next Geosolutions Europe : Acquisition of Rana Subsea SpA
Next Geosolutions Europe : Acquisition of Rana Subsea
About this update from Next Geosolutions Europe Spa
[{"type":"text","content":"\n \n Acquisition of Rana Subsea SpA\n \n \n \n 23 July 2025\n Attilio Ievoli\n NextGeo Chairman\n Giovanni Ranieri\n NextGeo CEO\n Giuseppe Maffia\n NextGeo CFO\n Alessandro Buffa\n \n \n RANA SUBSEA CEO\n \n \n 2\n \n \n Today's Speakers\n \n \n \n Geografical presence during 2024\n 43%\n 57%\n Mediterranean Sea\n \n \n North Sea\n \n \n Key Figures\n \n \n Offshore expertise\n 110+\n years of heritage in the shipping market\n \n \n Revenues\n €203\n 31.12.2024\n \n \n EBITDA\n €54\n 31.12.2024\n \n \n EBITDA Margin\n 26.5%\n 31.12.2024\n \n \n Highly skilled\n \n \n management team with\n 30+\n years of success\n \n \n in the offshore industry\n \n \n Backlog1\n ~€335m\n 31.12.2024\n \n \n Pipeline2\n ~€510m\n 31.12.2024\n \n \n \n A LEADING EUROPEAN PLAYER IN MARINE GEOSCIENCE SURVEY AND OFFSHORE CONSTRUCTION SUPPORT SERVICES\n 3\n \n \n Notes 1) Backlog represents the value of contracts/orders signed or awarded. 2) Pipeline represents the value of the bids submitted for which a probable award is estimated\n \n \n NextGeo: a leading European player…\n % on FY2024 results\n \n Interconnectors\n \n \n \n CAGR\n \n \n +147%\n \n \n 122.9\n \n \n 89.1\n \n \n ~60%\n \n \n 20.2\n \n \n \n 2022 2023 2024\n \n \n \n TSO and Cables Installer/Producer\n \n \n Offshore WindFarm (OWF)\n \n \n \n CAGR\n \n \n +32%\n \n \n \n 63.4\n \n \n 51.9\n \n \n \n ~30%\n \n \n 36.3\n \n \n 2022\n \n \n 2023\n \n \n \n OWF developers\n \n \n 2024\n \n \n Oil&Gas\n \n \n and other services\n \n \n \n CAGR\n \n \n +26%\n \n \n \n 7,3 ~4%\n 6,7 1,4\n 9,7 ~6%\n 4,1 6,2\n 2022 2023 2024\n \n \n Oil&Gas Other activities\n \n \n \n O&G Companies\n \n Value expressed in millions of Euro\n \n \n \n 4\n \n \n …historically focused on Interconnectors and Offshore WindFarm, with a great success\n \n \n Oil&Gas: a market with significant investments for the upcoming years\n \n \n \n Offshore O&G pipelines EPCI CapEx - OpEx\n \n \n ('25-'30, €bln)\n \n \n Offshore O&G platforms EPCI CapEx - OpEx\n \n \n ('25-'30, €bln)\n \n CapEx \n \n \n OpEX\n 4.3\n \n 55%\n \n 2.5 2.7 3.0\n \n 76%\n \n \n 45%\n \n \n 88%\n \n 89%\n \n 53%\n \n 4.5\n \n \n 6.0\n \n 45%\n \n \n 55%\n \n 52.5\n \n \n \n 40%\n \n 47%\n \n 60%\n \n CapEx \n \n \n OpEX\n 45.7 43.4 45.0 41.4 44.0\n 48% 53% 53% 58%\n 59%\n \n \n \n 52%\n \n \n \n 11%\n \n \n 47%\n \n \n 47%\n ...