- Keppel Infrastructure Fund (KIF) acquires 100% stake in Global Marine Group (GMG) from JF Lehman and Company affiliates.
- GMG, a leading subsea cable solutions provider, operates a high-utilization fleet for global connectivity.
- The investment aligns with Keppel’s expansion into infrastructure projects like the Bifrost Cable System.
Keppel Infrastructure Fund’s acquisition of Global Marine Group (GMG) underscores its commitment to strengthening global connectivity infrastructure.
This acquisition also complements Keppel’s involvement in the Bifrost Cable System, the world’s first subsea cable directly linking Singapore to North America.
Keppel Expands Global Digital Infrastructure with GMG Acquisition
Keppel Infrastructure Fund’s purchase of Global Marine Group highlights a strategic push into high-growth infrastructure investments. GMG, a pioneer in subsea cable solutions, has a history of groundbreaking installations, including the first transatlantic fibre optic cable. The company’s fleet of six specialized vessels plays a vital role in maintaining and expanding global connectivity networks.
The increasing demand for subsea cable installations is driven by growing data consumption and cloud computing needs. Keppel expects the market for maintenance and installation services to grow at a 45% CAGR through 2029, positioning GMG for sustained profitability. Long-term contracts and high fleet utilization further bolster its investment potential.
Beyond this acquisition, Keppel is also advancing the Bifrost Cable System, a 20,000 km subsea network connecting Singapore to North America via Indonesia. Once operational in 2025, it will be the largest capacity high-speed transmission cable across the Pacific, further strengthening Keppel’s role in global digital infrastructure.
Keppel’s commitment to connectivity goes beyond subsea cables. The company is integrating power, green energy, and data center solutions to create a holistic digital ecosystem. With a focus on sustainable and scalable investments, Keppel is well-positioned to drive the next phase of global digital transformation.
Keppel’s acquisition of GMG aligns with its broader vision of enhancing global connectivity through strategic infrastructure investments. With strong market demand and a growing digital economy, Keppel is set to play a pivotal role in the evolving subsea cable industry.
“The internet is not a luxury, it is a necessity.” — Barack Obama
