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Jacobs Engineering has agreed to buy CH2M in a deal worth a total of $3.27bn (£2.47bn).

03/08/2017
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Infrastructure Construction Jacobs Engineering

Jacobs currently employs more than 54,000 people and operates in more than 25 countries around the world and their growth is set to soar as they agree to buy CH2M. All of the outstanding shares of CH2M will be acquired by Jacobs and the equity value will be paid 60% in cash and 40% in Jacobs common stock. 

Jacobs chairman and CEO, Steve Demetriou, commented on the acquisition:

“By increasing our industry reach and adding to our already extensive skills, this transaction enhances our value to our clients and bolsters Jacobs’ position as a premier consulting, design, engineering, construction, and operations and maintenance technical services firm”.

CH2M is a design, engineering and program management company, with 20,000 employees and revenues of $4.4bn. The firm is considered a leader in infrastructure and government service sectors including the transport, water, environmental and nuclear industries.

The process of forming an Integration Management Office is already underway with an aim to help to oversee the smooth integration of both companies. It has been decided that once the acquisition is complete the Jacobs’ board will include a director from CH2M. 

The transaction is expected to complete early 2018.

To find out how Fircroft can support your Infrastructure & Construction business, contact us today.

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Jacobs Engineering has agreed to buy CH2M in a deal worth a total of $3.27bn (£2.47bn). - Time to read 2 min
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