CB&I Completes Lummas Global Acquisition

CB&I has completed the acquisition of the Lummus Global business from ABB. CB&I shareholders approved the transaction at a special shareholder meeting in Amsterdam, The Netherlands on November 16, with more than 99 percent of the shares represented voting in favor of the acquisition.

"We are extremely pleased with the voting results and we thank our shareholders for their support," said Philip K. Asherman, President and CEO. "This acquisition is transformational for CB&I. Lummus, which brings world-class process technology and a complementary EPC business, is a great fit and a welcome addition to our company. The acquisition broadens our range of capabilities and our geographic base, and the addition of more than 3,000 talented and experienced employees gives us a tremendous strategic advantage in responding to the growing demand for energy infrastructure around the globe."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Product Manager
Expertise: Business Development|Executive
Location: Houston, TX
Global Business Development Manager - SIS
Expertise: Business Development
Location: Houston, TX
Analyst Crude
Expertise: Business Analyst|Energy / Commodity Trading|Legal
Location: Midland, TX
search for more jobs

Brent Crude Oil : $51.68/BBL 0.27%
Light Crude Oil : $49.25/BBL 0.74%
Natural Gas : $3.24/MMBtu 3.18%
Updated in last 24 hours