Sembmarine, Keppel O&M in giant merger to create offshore powerhouse
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Anita Gabriel ,
Vivienne Tay &
Uma Devi
SINGAPORE’s decades-long anticipated merger of home-grown offshore and marine (O&M) giants Keppel O&M and Sembcorp Marine (Sembmarine) is finally in the works and will create a global offshore powerhouse valued at S$8.7 billion to tap the green energy boom.
“As a home-grown marine icon with 60 years of track record, we are taking a bold step to further augment our depth and breadth of engineering and operational capabilities to create a pureplay in the offshore & marine and energy sector with enhanced focus,” said Sembmarine’s chairman Hassan Marican.
“This is a historic moment for the O&M sector in Singapore,” said Keppel Corp chief executive and Keppel O&M chairman Loh Chin Hua.
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