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."
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