Chicago Bridge & Iron Company N.V. (NYSE: CBI) provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services worldwide. It operates in four segments: Engineering & Construction, Fabrication Services, Technology, and Capital Services.
In 2000, Howe-Baker merged with Chicago Bridge & Iron with WEDGE receiving 48.5% of the common stock of CBI. Concurrent with the merger, WEDGE sold off a portion of its investment for $60 million and retained 20% of the outstanding shares of CBI. The combined company had over $1.0 billion in sales at the time.