Keppel Offshore & Marine (Keppel O&M) has completed the acquisition of US-based Cameron International’s marine product division.
The division consists of the Letourneau jackup rig designs, rig kit business, as well as its after sales and aftermarket services.
The acquired company will operate under the name Keppel LeTourneau and will have offices in the US, United Arab Emirates and Singapore.
Keppel said that the acquisition will enable the company to expand its suite of jackup rig designs.
Keppel O&M CEO Chow Yew Yuen said: "This strategic acquisition will complement Keppel O&M’s existing capabilities and enable us to provide our customers with a full suite of end-to-end jackup rig solutions.
"With Keppel’s and LeTourneau’s combined engineering resources, international shipyard presence and design and equipment manufacturing competencies, we are confident of providing even better value-added solutions to drilling operators."
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The acquisition will add the Letourneau designs to Keppel’s own offerings and provide the company with more than 26 designs for jackup rigs that cover any requirement in the market.
The Letourneau suite of jackup rig designs is suitable for any environment and includes the Letourneau Super 116E, Workhorse, Super Gorilla XL and Jaguar.
Yuen added: "The LeTourneau acquisition has expanded our client base, and will improve our service offerings to rig operators in helping them maintain their assets more cost-effectively."
Another important aspect of the business is the provision of aftersales and aftermarket services.