DALLAS, Oct. 28, 2019 /PRNewswire/
-- Jacobs (NYSE:JEC) has acquired a 50% share in
Simetrica, a U.K.-based organization that specializes in social
value measurement and wellbeing analysis. Under the new
partnership, Simetrica will provide its cutting-edge expertise to
increase existing capabilities and offerings in the areas of
socio-economics, sustainability and environmental services.
In response to increasing client demand driven by the Public
Services (Social Value) Act in the U.K., the Organization for
Economic Co-operation and Development's (OECD) Inclusive Growth
Initiative and the United Nations Sustainable Development Goals
(SDGs), Jacobs and Simetrica are developing new best practices and
solutions related to social value and wellbeing principles.
"In recent years, the importance of social value measurement has
grown exponentially globally," said Jacobs Buildings and
Infrastructure Europe, Middle East
and Africa Senior Vice President and General Manager Donald Morrison. "Our partnership with Simetrica
will enable us to help our clients understand how they can
transform local, city and regional decision-making – identifying
innovative, inclusive and ethical investments that will drive
social change, spread prosperity and meet the growing challenges
facing communities."
Using Simetrica's methods, techniques and tools, investment
decisions in both the public and private sectors can be re-imagined
and assessed in more comprehensive and rigorous ways to maximize
the value that they generate for communities and society.
"This is an exciting time for Simetrica. Over the past decade we
have made significant contributions to the methodology and uptake
of social value analysis in the U.K. and globally," said Simetrica
Director Daniel Fujiwara. "With
Jacobs' investment and partnership, we can further our impact by
employing our cutting-edge methods to a wider range of sectors and
clients to drive change across priorities such as mobility,
connectivity and placemaking, increasing their social impact and
making them more sustainable."
Simetrica is the global leader in the field of social value
measurement, business ethics and the application of wellbeing and
quality of life analysis to policy and project assessment.
Simetrica leads work in these fields for several OECD governments
and has helped international organizations and the private and
not-for-profit sectors assess and demonstrate their social impact
and make better policy and investment decisions.
Jacobs leads the global professional services sector providing
solutions for a more connected, sustainable world. With
approximately $12 billion in revenue
and a talent force of more than 50,000, Jacobs provides a full
spectrum of services including scientific, technical, professional
and construction- and program-management for business, industrial,
commercial, government and infrastructure sectors. For more
information, visit www.jacobs.com, and connect with Jacobs
on LinkedIn, Twitter, Facebook and Instagram.
Certain statements contained in this press release constitute
forward-looking statements as such term is defined in Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and such statements
are intended to be covered by the safe harbor provided by the same.
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 additional factors that may occur that
could cause actual results to differ from our forward-looking
statements see our Annual Report on Form 10-K for the year ended
September 28, 2018, and in particular
the discussions contained under Item 1 - Business; Item 1A - Risk
Factors; Item 3 - Legal Proceedings; and Item 7 - Management's
Discussion and Analysis of Financial Condition and Results of
Operations, and our Quarterly Report on Form 10-Q for the quarter
ended March 29, 2019, and in
particular the discussions contained under Part I, Item 2 -
Management's Discussion and Analysis of Financial Condition and
Results of Operations; Part II, Item 1 - Legal Proceedings; and
Part II, Item 1A - Risk Factors, as well as the Company's other
filings with the Securities and Exchange Commission. The Company is
not under any duty to update any of the forward-looking statements
after the date of this press release to conform to actual results,
except as required by applicable law.
For press/media inquiries:
Kerrie Sparks
214.583.8433
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SOURCE Jacobs