CB&I acquires Petrofac’s Asset Solutions business to strengthen global growth
CB&I acquires Petrofac’s Asset Solutions division, targeting revenue diversification and geographic expansion, with nearly 3,000 new employees expected to join the group.
| Countries | Royaume-Uni, États-Unis |
|---|---|
| Companies | Petrofac |
| Sector | Pétrole |
| Theme | Investissements & Transactions |
CB&I announced the signing of an acquisition agreement for Petrofac’s Asset Solutions unit, specialised in operations, maintenance and decommissioning services for onshore and offshore energy infrastructure. This transaction aims to integrate a reimbursable contracting model with low cyclicality, enabling CB&I to stabilise its cash flow while expanding its presence in new international markets.
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