Italy’s Saipem and Cyprus’ Hyperion Methods Engineering have joined forces to create Saipem-Hyperion Eastmed Engineering, a collectively managed firm based mostly in Cyprus.
The brand new firm will present extremely specialised consultancy and engineering providers for vitality and infrastructure industries within the Japanese Mediterranean area, Saipem and Hyperion Methods Engineering stated in a joint press launch, including that the brand new firm will assist shoppers to spice up their enterprise and obtain their vitality transition objectives offering sensible, sustainable, and low environmental affect vitality options.
Luca Brunetto, head of Enterprise Improvement and Business Methods of Saipem’s XSIGHT division, stated the brand new firm permits Saipem to consolidate its presence within the East Mediterranean space and to contribute to the vitality improvement of the area. “This joint venture with Hyperion, an organization with a few years of exercise and deep information of the native context, creates the premise for seizing new enterprise alternatives and will increase our capacity to offer providers within the strategic EastMed market,” Brunetto stated.
For his half, Hyperion Group Chairman and CEO Symeon Kassianides stated their objective is to create a regional engineering and providers powerhouse that brings collectively Saipem’s in depth and worthwhile expertise with Hyperion’s a few years of profitable expertise in superior options and specialised engineering. “That is additionally a cloth step ahead in strengthening the place of Cyprus as an East Mediterranean engineering and providers hub,” he stated.
Saipem-Hyperion Eastmed Engineering Interim CEO Stavros Spanos hailed the launch of Saipem-Hyperion Eastmed Engineering, including, “We’re already open for enterprise and have began exploring particular initiatives”.