Acquiring Company
Keyfield International Bhd
Acquired Company
Inai Kenanga
MalaysiaMiningDescription
Keyfield International Bhd has successfully acquired Inai Kenanga for USD24.7 million. This acquisition allows Keyfield and Star Naval 1 Pte Ltd to establish a special purpose vehicle to operate Inai Kenanga. The move aims to strengthen their position in the dredging industry, particularly in projects across Southeast Asia. Following reactivation in 2027, the focus will be on expanding into new markets and increasing profitability.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Inai Kenanga?
Inai Kenanga was acquired by Keyfield International Bhd. The deal was reported on August 27, 2026. Keyfield International Bhd is a company engaged in the dredging industry. They specialize in large-scale dredging, land reclamation, and marine engineering projects. Keyfield International Bhd is privately held.
When did Keyfield International Bhd acquire Inai Kenanga?
Keyfield International Bhd's acquisition of Inai Kenanga was reported on August 27, 2026. Keyfield International Bhd has successfully acquired Inai Kenanga for USD24.7 million. This acquisition allows Keyfield and Star Naval 1 Pte Ltd to establish a special purpose vehicle to operate Inai Kenanga. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Inai Kenanga do?
Inai Kenanga is a mega trailing suction hopper dredger known for its capacity in large-scale dredging projects. Completed in 2016, it was the largest dredger in Asia and the third-largest in the world. It is privately held, operating in Mining, and is based in Malaysia.
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