CADE Aims to Investigate Details Regarding the Merger of Companies Seeking to Jointly Expand Offshore Renewable Energy Production
CADE (Administrative Council for Economic Defense) will evaluate the merger of efforts being made jointly by Keppel Offshore & Marine and Sembcorp Marine. The companies plan to create a combined company focused on offshore renewable energy, new energies, and clean solutions in the offshore and maritime sector.
Under the terms of the transaction, Temasek, the majority shareholder of Sembcorp, will become the largest shareholder of the renewable energy company generated by the combination of the mentioned companies, with a stake of approximately 33.5%. According to the documentation provided by the lawyers representing the companies, the effort aimed at producing offshore renewable energy will result in only a limited horizontal overlap in the market for renewable energy vessel construction and related services.
“This overlap does not raise any competitive concerns, as the combined market share of the Applicants is below 20%, the Applicants face strong competition in the market, including from foreign renewable energy companies, which are already part of the same group for the purposes of Brazilian competition defense laws, given Temasek’s current stake, which also invests in renewable energy, as it is the major shareholder of Sembcrop, in both Applicants and this will not change as a result of the Operation,” according to the documentation.
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Sembcorp Marine provides engineering solutions for the offshore, maritime, and renewable energy industries globally. In Brazil, the company operates at the Jurong Aracruz Shipyard, located in Espírito Santo. Sembcorp Marine is held by Temasek, which indirectly holds about 54.6% and the majority of voting shares.
Keppel Offshore & Marine (KOM) is a subsidiary of Keppel Corporation, which provides solutions for the offshore, maritime, and renewable energy industries through its global network of shipyards and offices. In Brazil, the company operates at the Keppel FELS shipyard, located in Rio de Janeiro, in Angra dos Reis.
In Addition to the Partnership That Keppel Will Establish, the Company Is Offering More Than 40 Offshore Positions in RJ
Keppel has a global presence in over 20 countries and, as previously mentioned, provides solutions for a more sustainable world, focusing on four main areas: energy and environment, urban development, connectivity, and asset management. The company is making available over 40 offshore positions in RJ.
The available positions are for the following roles:
- Crane Operator
- Pipeline Supervisor
- Pipefitter
- Communication Analyst
- SGI Assistant
- Foreman
- Pipefitter
- Production Supervisor
- Expeditor
- Plumber
- Pipeline Welding Supervisor
- Pipeline Materials Specialist
- Materials Expeditor
- Structural Designer III
- Infrastructure Analyst
- Buyer II / Mid-Level
- 3D Systems Administrator
- SGI Engineer
- Pipeline Designer
- Documentation Technician
- Boilermaker
- Mid-Level Systems Analyst
- Process Engineer
- Maintenance Electromechanic AT
- Project Engineer
- Senior Equipment Buyer
- TIG MAG Welder ER 6G
- Architecture Safety Engineer
- Electrical Engineer
Applications for the Positions
To apply for the positions offered by the company, interested individuals can access the link. In addition to applying, candidates must also submit an updated resume.

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