CB&I to Acquire Petrofac Asset Solutions: 3,000 Jobs, Aberdeen Hub, and a Q1 2026 Target Close
CB&I has agreed to acquire Petrofac’s Asset Solutions business, bringing about 3,000 Petrofac employees into CB&I when the deal closes, expected in the first quarter of 2026. Both companies confirmed the agreement on December 24, with creditor approvals anticipated by the end of January. Financial terms were not disclosed.
