M&A Deal Summary

CB&I Acquires Lummus Global

On August 27, 2007, CB&I acquired construction company Lummus Global from ABB for 950M USD

Acquisition Highlights
  • This is CB&I’s 1st transaction in the Construction sector.
  • This is CB&I’s 2nd largest (disclosed) transaction.
  • This is CB&I’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2007-08-27
Target Lummus Global
Sector Construction
Buyer(s) CB&I
Sellers(s) ABB
Deal Type Divestiture
Deal Value 950M USD

Target

Lummus Global

The Hague, Netherlands
Lummus Global is a provider of proprietary process technologies, project management and engineering, procurement and construction (EPC) management services to the upstream and downstream oil and gas, petrochemical and refining industries worldwide.

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Buyer(S) 1

Buyer

CB&I

S-Gravenhage, Netherlands
Category Company
Founded 1889
Sector Engineering
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 2
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-31 The Shaw Group

Baton Rouge, Louisiana, United States

The Shaw Group, Inc. is a engineering and construction company focused on the energy industry.

Buy $3.0B

Seller(S) 1

SELLER

ABB

Zurich, Switzerland
Category Company
Founded 1883
Sector Engineering
Employees108,700
Revenue 32.2B USD (2023)
DESCRIPTION
Entrance to ABB's headquarters in Zurich, Switzerland.
Entrance to ABB's headquarters in Zurich, Switzerland.

ABB is an engineering company that helps customers use electrical power effectively and increase industrial productivity in a sustainable way. ABB creates and supports a range of products, systems and services that increase energy efficiency, reliability and productivity for a variety of industrial, utility, and transport and infrastructure customers. ABB was founded in 1883 and is based in Zurich, Switzerland.

DEAL STATS #
Overall 3 of 8
Sector (Construction) 1 of 1
Type (Divestiture) 3 of 8
Country (Netherlands) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-09 Sirius International Insurance Group

Hamilton, Bermuda

Sirius International Insurance Group, Ltd. is a provider of reinsurance services through its operating companies.

Sell $425M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-15 Kuhlman Electric

Versailles, Kentucky, United States

Kuhlman Electric Corp. manufactures a wide range of high-quality transformers for the industrial and electric utility sectors.

Buy -
Mergr

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