Jacobs Acquires Aquenta Consulting in Australia
January 29 2017 - 3:45PM
Business Wire
Acquisition positions company as leading
integrated services provider in Asia Pacific
Jacobs Engineering Group Inc. (NYSE:JEC) has acquired Aquenta
Consulting, a leading provider of integrated project services to
public and private sector clients in Australia. Aquenta helps
owners, operators and investors in infrastructure and property
assets achieve their objectives at a strategic, portfolio, program
and project level.
The 220-person business has been acquired from Amec Foster
Wheeler, which has owned Aquenta, formerly known as Currie &
Brown, since 2010.
For more than 60 years, Aquenta has been providing services on
multi-billion dollar projects spanning multiple market segments.
Projects have been carried out across Australia, New Zealand,
the Middle East and Europe. The terms of the acquisition were
not disclosed.
Aquenta brings leading edge skills in cost management, project
planning and controls, project and risk management, contract,
commercial and dispute services, along with asset and facilities
management. This comprehensive suite of services significantly
complements the existing capability which Jacobs provides its
clients.
“The acquisition of Aquenta further strengthens our Asia Pacific
Buildings and Infrastructure business, expands our global
capability in integrated project services, and is in line with the
strategic plan we announced late last year at our Investor Day,”
said Jacobs Senior Vice President Buildings and Infrastructure
Patrick Hill. “This is particularly important as we continue to
build our reputation for the delivery of high value project
management services across the growing Asia Pacific Buildings and
Infrastructure market. The integration of Aquenta with Jacobs will
serve to strengthen the value proposition we have been jointly
providing to clients on more than 50 projects over the past ten
years. We welcome the Aquenta team into Jacobs.”
“Joining Jacobs provides a tremendous business opportunity for
our people and our clients through expanded services, capability,
resources and geographic reach,” said Managing Director of Aquenta,
Mike McCloskey. “Together, our complementary skills will help to
build on the excellent track record of success that Jacobs has
established in the delivery of multi-disciplinary services to
clients across the globe.”
The joint Jacobs and Aquenta offering is highly relevant to the
particularly buoyant Australian transport infrastructure market
where ongoing work will continue for clients such as Transport for
New South Wales and Public Transport Victoria. In addition, the
high-end expertise will underpin further growth in integrated
project services in other sectors and geographies with immediate
opportunities for growth in New Zealand and the Middle East,
supporting Jacobs’ projects on both client-side roles and the
construction contractor community.
Jacobs is one of the world’s largest and most diverse providers
of full-spectrum technical, professional and construction services
for industrial, commercial and government organizations globally.
The company employs 54,000 people and operates in more than 25
countries around the world.
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 Form 10-K for the year ended September 30,
2016, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170129005011/en/
Jacobs Engineering Group Inc.Salim Rahimi, 214.583.8428
Jacobs Engineering (NYSE:JEC)
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