Jacobs Acquires Aquenta Consulting in Australia
07 February 2017
Acquisition positions
company as leading integrated services provider in Asia Pacific.
Jacobs Engineering Group Inc. (NYSE:JEC) has acquired
Aquenta
Consulting, a leading provider of integrated project services to public
and private sector clients in Australia. Aquenta helps owners, operators
and investors in infrastructure and property assets achieve their
objectives at a strategic, portfolio, program and project level.
The 220-person business has been acquired from Amec Foster Wheeler,
which has owned Aquenta, formerly known as Currie & Brown, since 2010.
For more than 60 years, Aquenta has been providing services on
multi-billion dollar projects spanning multiple market segments.
Projects have been carried out across Australia,
New Zealand, the Middle
East and Europe. The terms of the acquisition were not disclosed.
Aquenta brings leading edge skills in cost management, project planning
and controls, project and risk management, contract, commercial and
dispute services, along with asset and facilities management. This
comprehensive suite of services significantly complements the existing
capability which Jacobs provides its clients.
“The acquisition of Aquenta further strengthens our Asia Pacific
Buildings and Infrastructure business, expands our global capability in
integrated project services, and is in line with the strategic plan we
announced late last year at our Investor Day,” said Jacobs Senior Vice
President Buildings and Infrastructure Patrick Hill. “This is
particularly important as we continue to build our reputation for the
delivery of high value project management services across the growing
Asia Pacific Buildings and Infrastructure market. The integration of
Aquenta with Jacobs will serve to strengthen the value proposition we
have been jointly providing to clients on more than 50 projects over the
past ten years. We welcome the Aquenta team into Jacobs.”
“Joining Jacobs provides a tremendous business opportunity for our
people and our clients through expanded services, capability, resources
and geographic reach,” said Managing Director of Aquenta, Mike
McCloskey. “Together, our complementary skills will help to build on the
excellent track record of success that Jacobs has established in the
delivery of multi-disciplinary services to clients across the globe.”
The joint Jacobs and Aquenta offering is highly relevant to the
particularly buoyant Australian transport infrastructure market where
ongoing work will continue for clients such as Transport for New South
Wales and Public Transport Victoria. In addition, the high-end expertise
will underpin further growth in integrated project services in other
sectors and geographies with immediate opportunities for growth in New
Zealand and the Middle East, supporting Jacobs’ projects on both
client-side roles and the construction contractor community.
Jacobs is one of the world’s largest and most diverse providers of
full-spectrum technical, professional and construction services for
industrial, commercial and government organizations globally. The
company employs 54,000 people and operates in more than 25 countries
around the world.
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Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our Form 10-K for the year ended September 30, 2016, and in particular the discussions contained under Items 1 – Business, 1A – Risk Factors, 3 – Legal Proceedings, and 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
Source: Jacobs - www.jacobs.com
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