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December 20, 2017 - Contax Partners’ Energy Feed
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December 20, 2017 - Contax Partners’ Energy Feed

McDermott and CB&I to merge in USD 6bn deal

 

McDermott and CB&I to merge in USD 6bn deal

McDermott to merge with CB&IUS-based contractor McDermott will merge with engineering firm CB&I in an all-stock transaction valued at USD 6bn. The merger seeks to create a premier fully vertically integrated onshore-offshore company, with a broad EPCI service offering and market leading technology portfolio. This combination will unite McDermott’s established presence in the Middle East and Asia with CB&I’s robust operations in the United States, creating a balanced geographic portfolio with a strong position in high growth developing regions. The combined company will be headquartered in the Houston area and have representatives of both companies in board positions.

 

 

LET US HELP YOU SUCCEED IN THE ENERGY MARKET!

 

Contax Partners assists project owners, contractors and suppliers to maximize opportunities associated with these projects, guide them on the underlying risks related to execution and the effects of increasing project workload.

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Since our establishment in 1985, Contax Partners has been the advisor of choice for companies operating within the constantly evolving Middle East, Russia and Africa energy sector. Having operated in the energy market for over 30 years, we have a track record of empowering our clients to win business. Contax Partners is well placed to understand the challenges, and what impact these can have on your growth plans for the Middle East, Russia and Africa. 

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