Next Geosolutions Completes Majority Acquisition of RANA Subsea

5 September 2025

Next Geosolutions Europe S.p.A. (NextGeo), one of the leading international players in marine geoscience and offshore construction support services for the energy sector—with a strong focus on renewable energy and listed on the Euronext Growth Milan market—following the announcement made on July 22, 2025 (press release) and upon fulfillment of all conditions precedent, has announced the completion of the closing for the acquisition of 75.4% of the share capital of Rana Subsea S.p.A. (RANA Subsea), a company specialized in subsea services and a leader in the Mediterranean and West African markets.

Giovanni Ranieri, CEO of NextGeo, stated: “We are proud to announce the completion of this strategic acquisition, which represents a key step in consolidating our position as an international player, also in subsea services. The integration of Rana Subsea into the Group will enable us to expand our service offering and strengthen our geographic footprint in crucial areas such as West Africa and the Mediterranean, while also looking towards the Middle East for future opportunities. This transaction provides greater resilience and operational continuity. Today’s closing marks a starting point to further accelerate our sustainable growth path.”

Alessandro Buffa, CEO of Rana Subsea, added: “With the closing of this transaction, we officially become part of a Group with which we share both vision and values. Synergies between NextGeo and Rana Subsea will foster new market opportunities and drive strategic investments, enabling us to deliver increasingly advanced and efficient technological solutions to our clients”.

Following the closing, the new corporate bodies of Rana Subsea have been appointed as follows:

Board of Directors: Giovanni Ranieri (Chairman), Giuseppe Maffia (Executive Director), Alessandro Buffa (CEO)
Board of Statutory Auditors: Francesco D’Aniello (Chairman), Maurizio Vetere, Mauro Mazzoni

With regard to Alessandro Buffa’s reinvestment in Company shares, the transaction will be executed within the next 15 days, upon completion of the usual technical procedures currently underway, and the settlement of the transaction will be acknowledged through the publication of Internal Dealing forms on the Company’s website.