PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE: JEC) announced today that it completed
its merger transaction with Sinclair
Knight Merz, a 6,900-person professional services firm headquartered
in Australia, in accord with the previously announced terms.
Jacobs purchased SKM for approximately AUS$1.3 billion in cash
(approximately US $1.2 billion as of the date of this release). The
purchase price reflects an enterprise value of AUS$1.2 billion (US$1.1
billion) plus adjustments for cash, debt and other items.
Founded in 1964, SKM is an employee owned company with broad consulting,
planning, engineering, architecture, scientific and construction
management capabilities. The company has significant operations in
Australia, Asia, South America, and the U.K., and serves clients in
multiple industries, including Mining and Metals, Building and
Infrastructure, Water and Environment, and Power and Energy. SKM’s 2013
revenue was approximately AUS$1.3 billion (US$1.2 billion).
In making the announcement, Jacobs President and CEO Craig Martin
stated, “The combination of Jacobs and SKM further diversifies our
geographic offerings and the end-markets we serve. We look forward to
integrating the two companies and see many excellent opportunities ahead
to support our clients, develop our people, and grow our business.”
SKM CEO and Managing Director Santo Rizzuto added, “We are very
enthusiastic about our future with Jacobs. Being one integrated company
increases opportunities for our employees to build their careers in a
range of disciplines around the world. We have significantly expanded
our geographies and capabilities. The benefits we can deliver now that
our companies are joined allow us to serve our clients better and in
more places.”
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 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 those contained in our 2013 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.

Source: Jacobs Engineering Group Inc.