PASADENA, Calif., April 20, 2011 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYES:JEC) announced today that it has completed the
acquisition of Aker Projects (Shanghai) Company Limited, Aker Solutions'
onshore P&C operations in China. The completion of the acquisition
expands Jacobs' presence in China
and the region.
Jacobs President and Chief Executive Officer Craig Martin said, "China and the surrounding regions are
extremely important to our growth strategy. The completion of the
acquisition doubles our footprint in China, allowing us to provide significant
capabilities to our China-based
clients and to other global clients exploring investments in the
region."
Jacobs is one of the world's largest and most diverse providers
of technical, professional, and construction services.
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 2010 Form 10-K, 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.
For additional information contact:
John W. Prosser, Jr.
Executive Vice President, Finance
and Administration
626.578.6803
(Logo:
http://photos.prnewswire.com/prnh/20090109/JACOBSEGLOGO)
SOURCE Jacobs Engineering Group Inc.