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  5. McDermott Acquires CB&I

M&A Deal Summary

McDermott Acquires CB&I

On August 23, 2018, McDermott acquired engineering company CB&I

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

M&A Deal Summary
Date 2018-08-23
Target CB&I
Sector Engineering
Buyer(s) McDermott
Deal Type Add-on Acquisition

Target

CB&I

S-Gravenhage, Netherlands
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

Houston, Texas, United States
Category Company
Founded 2020
Sector Engineering
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 was founded in 2020 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Lummus Technology

Houston, 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. Lummus Technology was founded in 1907 and is based in Houston, Texas.

Sell $2.7B
Mergr

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