JEC Jacobs Engineering Group Inc

Jacobs Engineering Group Inc. (JEC) recently acquired a majority stake in Indian-based company Consulting Engineering Services Private Limited (CES).

Employing more than 2,000 people, CES provides a range of solutions in infrastructure development, planning, engineering, and construction management.

The addition of CES will double Jacobs’ existing resources in India to more than 4,500 employees along with expanding footprint in Asia and the Middle East. Jacobs has been operating in India since 1993 with the purchase of Humphreys and Glasgow.

Earlier, Jacobs entered into a five-year master services agreement (MSA) with Infineum, a leading manufacturer and seller of petroleum additives, for operations in Europe, Asia and North America. The value of the contract was not disclosed.

As per the agreement, Infineum’s manufacturing facilities in the U.S., France, Germany, U.K., Italy and Singapore is receiving Jacob’s engineering services. Services from Jacobs will aid Infineum's project development at its manufacturing locations.

California-based Jacobs Engineering is one of the leading providers of professional, technical and construction services to industrial, commercial and governmental clients. The company provides its services through offices and subsidiaries located principally in North America, Europe, Asia and Australia.

The company offers services in four areas: Construction Services, Project Services, Operations and Management, and Process, Scientific and Systems consulting.

Jacobs Engineering also received a contract from Goteborg Energi AB for the GoBiGas-project, a 20 megawatt biomass gasification and methanation project in Goteborg, Sweden. The contract value was $19 million.

 
JACOBS ENGIN GR (JEC): Free Stock Analysis Report
 
Zacks Investment Research