Projecting a boom in many global energy markets, particularly in North America, Texas-based engineer-contractor CB&I has moved to add capacity by announcing July 30 that it would acquire The Shaw Group Inc. in a cash and stock deal valued at $3 billion. The companies say Executives say it will create one of the world’s largest firms competing in the sector.
Said one industry expert who follows its merger and acquisition trends, "this has been a long time coming."