Jacobs Announces Agreement to Acquire Interest in Guimar Engenharia
November 05 2013 - 7:45AM
Business Wire
Brazil-Based Firm Enhances Jacobs’ Latin
America Service Offerings
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
has acquired an interest in Guimar Engenharia, a privately held
engineering services and project management/construction management
(PMCM) company based in Rio de Janeiro, Brazil.
Company officials did not disclose the terms of the agreement,
but noted that the acquisition is a staged investment, with each
stage subject to certain closing conditions.
Guimar has a broad client base and operations throughout Brazil,
where it is a leading provider of PMCM services for clients in the
pulp and paper, petroleum, chemicals, food and beverage, mining and
minerals, building and infrastructure industries.
The acquisition represents Jacobs’ first significant investment
in Brazil, enhancing its ability to serve key clients investing in
Brazil and expanding the Company’s network of South American
operations.
In making the announcement, Jacobs Executive Vice President
Gary Mandel stated, "We are delighted at the prospect of bringing
Guimar into Jacobs. Their business approach is aligned with ours;
they have a proven and solid reputation, and great client
relationships in their marketplace. With over 1,100 engineering and
PMCM skilled resources, they would enable us to further enhance and
build our business, both globally and locally."
Guimar`s CEO Herodoto Monte stated, “We are very
enthusiastic about joining Jacobs. This event represents an
important step for Guimar, as we open up new avenues for the
diversification and growth of our business. We expect the combined
synergy of values, expertise and capabilities of Jacobs and Guimar
together to boost our growth; increasing the portfolio we can offer
to our present and future clients, and providing new opportunities
for our employees.”
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. Such statements relate to a
variety of matters, including but not limited to, the timing and
expected completion of the proposed transaction. We base these
forward-looking statements on management’s current 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 actual
results to differ materially from these forward-looking statements,
including but not limited to: risks relating to the consummation of
the proposed transaction, including the risk that the closing
conditions of the transaction will not be satisfied; potential
adverse reactions or changes to business relationships resulting
from the announcement or completion of the proposed transaction;
litigation relating to the proposed transaction or its completion;
unexpected costs, charges or expenses resulting from the proposed
transaction or its completion; any operational, cultural or
financial difficulties associated with the integration of Jacobs’
and Guimar’s businesses; and any changes in general economic and/or
industry-specific, or company specific conditions. For a
description of some of the additional factors which may occur that
could cause actual results to differ from these 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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