Keppel Infrastructure Trust recently made headlines on April 1, 2025, by announcing its plan to acquire a significant stake in Global Marine Group, specifically a 46.7% interest. This acquisition is from Keppel Infrastructure Fund, a subsidiary fully owned by Keppel Ltd. Just a month earlier, in March 2025, Keppel Infrastructure Fund, together with a co-investor, had acquired total control over Global Marine Group. KIT is set to purchase its shares at the same valuation as the fund, bringing the total investment to an estimated US$90.6 million, or about S$122.3 million.
Moving on to Global Marine Group, it’s a notable player hailing from the United Kingdom, specializing in the niche field of subsea cable maintenance and installation services. Operating with a fleet that includes six state-of-the-art vessels, GMG holds approximately 10% of the global market among a tight fleet of 54 such vessels worldwide. As of March 2025, GMG has maintained a robust operational efficiency with its entire fleet running at full capacity, demonstrating a 100% utilization rate. This not only underscores GMG’s critical role in the international subsea industry but also its commitment to maintaining a seamless operation in a competitive market.
