THE multinational engineering firm CB&I is set to buy the energy services company Shaw Group for US$3bn. The deal, which has been unanimously recommended by both companies' boards, will see Shaw become a unit of CB&i, under the name of CB&I Shaw. Shaw has around 27,000 employees and a business backlog of around US$18bn. It offers services mostly to the energy-generating industry, including construction, maintenance and modification, as well as pipe and prefab steel manufacture for refineries and chemicals plants. It also provides project management services to the government. Including for remediation and environmental disaster recovery. Shaw is also involved with building two Westinghouse AP1000 reactors at Vogtle nuclear site in Georgia, the first new reactors in the US since 1978.
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