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On October 16, 2006 the acquisition of Westinghouse Electric Company for $5.4 billion was completed, with Toshiba obtaining a 77% share, partners The Shaw Group a 20% share and Ishikawajima-Harima Heavy Industries Co. Ltd. a 3% share. [10]
The Shaw Group is a pipe and steel fabrication firm specializing in induction bending. Headquartered in Houston , Texas , Shaw employs approximately 1,400 people across its offices and operations in North America and the Middle East.
In 2012, CB&I agreed to buy The Shaw Group for about US$3 billion, [13] [14] [15] completing the acquisition in February 2013. [16] The subsidiary that was formed as a result, CB&I Stone Webster—a result of The Shaw Group's earlier acquisition of Stone & Webster during its bankruptcy—was again sold, in January 2016, to Westinghouse Electric ...
Regal Entertainment Group (regional headquarters) - entertainment; RE/MAX International - real estate; Rocket Software - U2 software division; Safeway Inc. - consumer goods (district headquarters) The Shaw Group - construction and consulting; StorageTek, now part of Oracle Corporation - Internet and software development
It was bought at auction by the Shaw Group for US$150 million. [9] [10] The Shaw Energy and Chemicals division integrated Stone & Webster branded technology. [citation needed] Shaw's E&C division attempted to compete with other more successful engineering contractors such as Bechtel, Foster Wheeler, Jacobs and Technip.
1885 – Westinghouse becomes aware of the new European transformer based alternating current systems when he reads about them in the UK technical journal Engineering [35] 1885 – William Stanley, Jr., working for Westinghouse, develops the first practical AC transformer [36] 1886 – Westinghouse Electric Company founded in East Pittsburgh [37]