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Keppel O&M associate Floatel to merge with Prosafe to ride long downturn

PC Lee
PC Lee • 3 min read
Keppel O&M associate Floatel to merge with Prosafe to ride long downturn
SINGAPORE (June 4): Floatel International, an associated company of Keppel Offshore & Marine (Keppel O&M) which is part of the Keppel group of companies, has agreed to a merger with Prosafe SE.
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SINGAPORE (June 4): Floatel International, an associated company of Keppel Offshore & Marine (Keppel O&M) which is part of the Keppel group of companies, has agreed to a merger with Prosafe SE.

Prosafe, listed on the Oslo Stock Exchange, is a leading owner and operator of semi-submersible accommodation vessels (flotels) while Floatel delivers offshore accommodation to clients in the oil and gas industry worldwide.

The proposed merge would create the world’s largest offshore accommodation provider with improved services and geographical presence.

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