- Keppel Infrastructure Fund acquires 100% stake in Global Marine
- The deal strengthens Keppel’s position in subsea infrastructure
What happened: Keppel expands subsea operations with Global Marine acquisition
Keppel Infrastructure Fund (KIF) has acquired a 100% stake in Global Marine Group (GMG), a UK-based subsea cable installation and maintenance company. The acquisition was made from J.F. Lehman & Company, though financial details were not disclosed.
Global Marine operates a fleet of six vessels and provides critical subsea cable services to telecommunications companies, hyperscalers, and global equipment suppliers. The company is structured into three divisions: Global Marine for fibre optic cable services, OceaniQ for subsea engineering, and SubConnect for fibre optic testing solutions.
Keppel views the acquisition as a strategic expansion of its digital infrastructure portfolio, which includes the Bifrost Cable system. The company highlighted Asia’s growing demand for subsea networks as a key driver for future growth. Keppel’s data centre division currently operates in 13 global markets, supporting data connectivity and infrastructure development.
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Why it’s important
The acquisition of Global Marine Group strengthens Keppel’s presence in the subsea infrastructure market. With an increasing reliance on subsea fibre optic networks, the deal aligns with Keppel’s broader digital infrastructure strategy.
Subsea cables are critical for global internet connectivity, linking data centres and telecom networks across continents. With rising demand for faster and more reliable data transmission, investments in subsea networks have become a priority for telecom providers and cloud service operators.
Keppel’s existing data centre operations in 13 markets further enhance its ability to support digital growth and connectivity. The acquisition of GMG positions Keppel as a key player in the subsea cable industry, complementing its existing infrastructure investments.
