Add-on Acquisition • Engineering

McDermott Acquires CB&I

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

Acquisition Context

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

Explore All 1183 Add-on Acquisition Engineering Deals - Search the Database Free

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

Target Company

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.

Explore More Deals

Browse All 215,156 Deals

FILTER BY

Buyer Type (PE or Strategic)
Deal Size ($10M to $10B+)
Sector (60 Sectors)
Deal Type
Geography
& More

Search Free

Buyer Overview 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 Context for Buyer	#
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 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

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

Explore Related M&A Activity

Engineering M&A - Add-on Acquisition M&A Deals - Netherlands M&A - 2018 M&A