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
US-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.
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