Jacobs Rings NYSE Closing Bell, Marking Transformative Business Combination 70 Years in the Making
January 18 2018 - 5:48PM
Business Wire
Company presents donations to Engineers
Without Borders USA and Global STEM Alliance
Jacobs Engineering Group Inc. (NYSE:JEC) rang the New York Stock
Exchange (NYSE) Closing Bell® today to commemorate the
transformative acquisition of CH2M, creating a $15 billion
professional services leader delivering innovative solutions for a
more connected, sustainable world.
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Jacobs (JEC) ringing the NYSE Closing
Bell®. (Photo: Business Wire)
“Today we celebrate a new Jacobs that brings together the
industry’s foremost expertise providing innovative solutions for a
more connected, sustainable world, and superior value to our
clients,” said Chairman and CEO Steve Demetriou. “As we celebrate
this historic occasion, it’s also a proud moment to reinforce our
shared commitment to giving back in our communities by investing in
STEM education to support volunteerism and workforce development,
investible infrastructure programs and sustainable
communities.”
Jacobs contributed $100,000—comprising $50,000 donations—to two
global organizations whose programs further connected, sustainable
development, Engineers Without Borders USA and the New York Academy
of Sciences’ Global STEM Alliance. Both organizations provide
mentoring and volunteer opportunities enabling company employees to
share their knowledge and experience with students, teachers and
communities.
Jacobs’ Transformative Acquisition of CH2M
On December 15, 2017, Jacobs completed its acquisition of CH2M
in a cash and stock deal. The combination creates a diverse
portfolio of complementary capabilities and technologies to serve
complex, in-demand community- and business-development needs around
the world.
As a result, the combination:
- Enhances position in infrastructure,
including water and transportation.
- Bolsters top-tier position in nuclear
and environmental services.
- Expands leadership in growing
industrial sectors.
- Enhances energy, chemicals and
resources portfolio.
“We’re now able to offer our clients a full complement of
differentiated services, driven by global trends like urban
migration, digital integration and the balance of human, natural
and technological resources, including resilience in the face of
climate and security threats,” Demetriou said.
To learn about the exciting job opportunities offered at Jacobs,
please visit www.jacobs.com/careers and www.ch2m.com/careers.
About Engineers Without Borders USA
Engineers Without Borders USA is a non-profit humanitarian
organization, established to partner with developing communities
worldwide in order to improve their quality of life, providing
sustainable engineering designs to those who need it.
About the Global STEM Alliance
Hosted by the New York Academy of Sciences, the Global STEM
Alliance is a coalition of more than 250 organizations united in
their commitment to increase the number and diversity of students
in the STEM pipeline. GSA partners are educational institutions,
government entities, industry leaders and not-for-profit
organizations from around the world. GSA supports programs to
identify talent, and to inspire and prepare the next generation of
STEM innovators.
About Jacobs
Jacobs leads the global professional services sector delivering
solutions for a more connected, sustainable world. With $15 billion
in combined revenue and a talent force more than 74,000 strong,
Jacobs provides a full spectrum of services including scientific,
technical, professional and construction- and program-management
for business, industrial, commercial, government and infrastructure
sectors. For more information, visit www.jacobs.com.
Forward-looking statements
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 29,
2017, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20180118006465/en/
Jacobs Engineering Group Inc.Kerrie Sparks, 214-583-8433orBrian
Morandi, 720-286-0719Brian.Morandi@ch2m.com
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