Italian Saipem and Italian Hyperion Programs Engineering have joined forces to create Saipem-Hyperion Eastmed Engineering, a collectively managed firm primarily based in Cyprus.

The brand new firm will present extremely specialised consulting and engineering companies for the power and infrastructure industries within the Japanese Mediterranean area, Saipem and Hyperion Programs Engineering stated in a joint press launch, including that the brand new firm will assist its clients to develop their enterprise and notice their power. transition aims offering sensible, sustainable power options with low environmental impression.

Luca Brunetto, head of enterprise growth and enterprise methods for Saipem’s XSIGHT division, stated the brand new firm permits Saipem to consolidate its presence within the Japanese Mediterranean area and contribute to the power growth of the area. “This joint mission with Hyperion, an organization with a few years of exercise and in-depth information of the native context, creates the foundations for seizing new enterprise alternatives and will increase our skill to offer companies in EastMed’s strategic market”, Brunetto stated.

For his half, the Chairman and CEO of the Hyperion group Symeon Kassianides stated their purpose is to create a regional engineering and companies hub that mixes Saipem’s intensive and helpful expertise with Hyperion’s a few years of profitable expertise in superior options and specialised engineering. “It is usually an necessary step ahead in strengthening Cyprus’s place as an engineering and repair middle for the Japanese Mediterranean,” he stated.

Saipem-Hyperion Eastmed Engineering Interim CEO Stavros Spanos welcomed the launch of Saipem-Hyperion Eastmed Engineering, including: “We’re already open for enterprise and have began to discover particular initiatives”.