Jacobs Acquires Aquenta Consulting in Australia
07 February 2017
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.
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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