PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today that its
subsidiary, Jacobs Projects (Shanghai) Co., Ltd., has acquired a
controlling interest in Suzhou Han’s Chemical Engineering Co., Ltd.
(SHCE) in China. The company is now Jacobs Engineering (Suzhou) Co., Ltd.
SHCE has two specialty Class A design licenses in China’s Chemical,
Petrochemical and Pharmaceutical (CPP) industry, which allow the firm to
provide engineering design for all types of chemical projects in China
irrespective of project size; plus procurement and project management
services for various projects in China. Jacobs’ Shanghai operation
currently has an industry Class B design license for the CPP industry in
China, and has successfully executed a substantial number of EPCM
projects for global clients investing in China.
In addition to enhancing Jacobs’ capabilities in China by bringing the
Class A design licenses, the acquisition adds an engineering office in
Suzhou, Jiangsu Province, and brings Jacobs’ personnel count in China to
more than 500. These combined resources enable Jacobs to offer customers
in China a complete spectrum of services for all types of chemical and
petrochemical projects.
Upon making the announcement, Jacobs Group Vice President Kevin McMahon
stated, “This acquisition represents a significant milestone for Jacobs’
growth strategy in China. Since it was founded in 2006, SHCE has
completed more than 200 projects with an exemplary safety record. The
acquisition of SHCE greatly enhances our service offerings to clients,
strengthens our ability to compete for projects, and provides more
opportunities for our employees.”
SHCE Chairman Mr. James Han added, “We welcome this acquisition by
Jacobs and look forward to our integration with Jacobs operations, which
we expect to be completed in the coming months. SHCE has a strong track
record of servicing many Chemical, Petrochemical and Pharmaceutical
clients in China, and we look forward to expanding our service offering
with the addition of Jacobs’ global reach and extensive experience.”
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. 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 2014 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.