PASADENA, Calif., May 31, 2011 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE: JEC) announced today that it has acquired a
majority ownership of Consulting Engineering Services (India) Private Limited (CES). Founded in 1969,
CES is a leading power, infrastructure, and civil engineering
company in India, headquartered in
Delhi. It employs more than 2,000
people and provides a range of solutions in infrastructure
development, planning, engineering, and construction management.
The combination of Jacobs and CES nearly doubles Jacobs' existing
resources and capabilities in India to more than 4,500 employees and expands
its presence in other regions in Asia and the Middle
East.
Jacobs President and Chief Executive Officer Craig Martin said, "This combination makes us
one of the largest consulting, engineering and construction forces
in India. This transaction
fortifies our resources to address the strong, emerging
infrastructure market in India and
other regions in Asia and the
Middle East."
Chairman and Managing Director of CES Professor S.S. Chakraborty stated, "CES and Jacobs have
collaborated for years. Our existing relationship, along with
strong synergies in our companies, provides a solid foundation on
which to build and move forward as one company."
Jacobs established a presence in India in 1993 with the purchase of Humphreys
and Glasgow, which had been
operating in India since 1962.
Jacobs is one of the world's largest and most diverse providers
of technical, professional and construction services.
Cautionary Statement Regarding 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 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
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http://photos.prnewswire.com/prnh/20090109/JACOBSEGLOGO)
SOURCE Jacobs Engineering Group Inc.