Jacobs Matasis Acquires Ilitha Companies in South Africa
October 01 2013 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that
its South African joint venture, Jacobs Matasis (Proprietary)
Limited, has acquired the business and assets of Ilitha Projects
and Ilitha Staffing, two South African professional services
companies operating out of the city of Cape Town, SA.
Jacobs has worked in a formal alliance with Ilitha Projects and
Ilitha Staffing since August 2011, successfully completing a number
of projects together.
Ilitha Projects provides project management and EPCM
services to clients in a broad range of market sectors, including
oil and gas, refining, chemicals, power, nuclear, marine mining and
metals. Ilitha Staffing supplies technical contract staff
sourcing and management services with a strong emphasis on
integration with the client’s culture and business practices.
The acquisition adds an engineering office in Cape Town and 161
professional services staff to Jacobs Matasis, bringing its
personnel count to over 300.
Upon making the announcement, Jacobs Group Vice President Bob
Irvin stated, “The expanded resource base we gain through Ilitha
allows us to enhance our service offerings for customers and
provide more opportunities for employees.”
Jacobs Matasis Chairman Dr. E.M. Dipico added, “The acquisition
strengthens our ability to compete with other major engineering and
construction firms operating in Southern Africa; with the goal of
achieving growth in the Sub-Saharan African market.”
Ilitha CEO Dave Welbourne commented, “From the outset we have
been highly impressed by the integrity and values of the Jacobs
organization. Ilitha is fully aligned with these values and with
the sustainable Jacobs relationship based business model, which we
expect to smooth our integration into the Jacobs Matasis
operation.”
Jacobs Matasis, a Jacobs joint venture with Matasis Investment
Holdings (Proprietary) Limited, is aligned with South Africa’s
economic transformation imperatives and has achieved Level 3 Status
in terms of the country’s Broad-Based Black Economic Empowerment
legislation.
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;
including any operational, cultural or financial difficulties
resulting from the transaction. For a description of some of
the other factors which may occur that could cause actual results
to differ from our forward-looking statements please refer to our
2012 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.
Jacobs Engineering Group Inc.John W. Prosser, Jr.Executive Vice
President, Finance and Administration626-578-6803
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