Kim Heng eyes M&As for expansion

KIM Heng Offshore & Marine (Kim Heng) is exploring some merger and acquisition (M&A) deals to expand its business, particularly to grow its supply-chain services to the offshore sector.

Thomas Tan, the company's executive chairman and CEO, tells The Business Times that the company has a "couple of M&A (deals) in the pipeline", which would "strengthen and also increase (our) market share in the supply-chain (segment), both locally and overseas".

Kim Heng's core business lies in the offshore rig services, but according to Mr Tan it is also looking to grow its profitable supply-chain management segment to ride on the growth of offshore services.