M&A Deal Summary

McDermott International Acquires Chicago Bridge & Iron Company N.V.

On August 23, 2018, McDermott International Inc. acquired engineering company Chicago Bridge & Iron Company N.V.

Acquisition Highlights
  • This is McDermott International’s 1st transaction in the Engineering sector.
  • This is McDermott International’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2018-08-23
Target Chicago Bridge & Iron Company N.V.
Sector Engineering
Buyer(s) McDermott International Inc.
Deal Type Add-on Acquisition

Target

Chicago Bridge & Iron Company N.V.

S-Gravenhage, Netherlands
website
CB&I is an engineering and construction company specializing in the design and engineering, fabrication, field erection, and repair of bulk liquid terminals, storage tanks, process vessels, low temperature and cryogenic storage facilities and other steel plate structures and their associated systems. CB&I primarily serves customers in the petroleum, petrochemical, chemical, electric and gas utility, pulp and paper and metals and mining industries. CB&I was founded in 1889 and is based in S-Gravenhage, Netherlands.

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Buyer(S) 1

Buyer

McDermott International Inc.

Houston, Texas, United States

website


Category Company
SectorEngineering
Revenue 8.4B USD (2019)
DESCRIPTION

McDermott is a fully integrated provider of technology, engineering and construction solutions to the energy industry. McDermott's proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. McDermott is headquartered in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Netherlands) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Lummus Technology

The Woodlands, Texas, United States

Lummus Technology develops and implements process technologies. The Company licenses petrochemical, refining, gasification and gas processing technologies, and supplies catalysts, proprietary equipment and related services to customers worldwide.

Sell $2.7B