CB&I to buy Shaw GroupCB&I has agreed to acquire Shaw Group, a US-based engineering company primarily focused on serving clients in the power generation and government services sector. The acquisition..
CB&I to buy Shaw Group
CB&I has agreed to acquire Shaw Group, a US-based engineering company primarily focused on serving clients in the power generation and government services sector. The acquisition is expected to close in early 2013. Reports valued the overall deal at approximately $3 billion.
CB&I said that combining the two companies will create “one of the most complete energy focused technology, engineering, procurement, fabrication, construction, maintenance and associated services companies in the world.”
With a global workforce of nearly 50,000 employees, backlog of over $28 billion, and engineering and fabrication facilities strategically located on all continents, t
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