Singapore’s Kuok Maritime Group (KMG), one of Southeast Asia’s preeminent shipping empires with brands including Pacific Carriers, PACC Offshore Services Holdings, Pacific Workboats, and PaxOcean, has added another string to its bow.
The group today revealed it has acquired engineering, procurement, construction, and commissioning services provider McPEC Marine & Offshore Engineering.
McPEC has been providing EPCC services in the modules market for over 17 years and is one of the pioneers in modular construction for offshore and onshore use in Singapore, particularly in electrical control and instrumentation.
Since 2019, McPEC has been collaborating with KMG subsidiary PaxOcean. PaxOcean has more than 2m square metres of fully built-up shipyards with five kilometres of seafront in Singapore, Indonesia, and China.
Following the acquisition, McPEC will gain access to the shipyards and capacity of KMG, in particular, yard space of 570,000 square metres with dedicated space used for modular construction in Batam.
“This acquisition marks a major milestone for our group as it adds new capabilities and solutions to our portfolio. It also enables us to expand our presence in the global modular construction market,” managing director and CEO of KMG, Low Soon Teck said.
Managing director and founder Jonathan Lee and managing director Lee Weijia will continue to lead McPEC post-acquisition.
