PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it signed a
three-year master engineering services agreement with TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada), a leading
energy infrastructure company in North America.
The agreement enables Jacobs to provide project management, engineering,
design, drafting, technical, field support and project close-out
services for TransCanada’s pipelines and liquids facilities projects
across Canada.
In making the announcement, Jacobs Senior Vice President Petroleum and
Chemicals Manuel Junco stated, “With the continued growth of upstream
and midstream companies in North America, this agreement marks a
significant step for Jacobs in extending our capabilities to new energy
infrastructure clients and increasing our market share and growth in
this sector. In particular, we have considerable experience in Canada
delivering innovative and cost saving ideas for our pipeline and
midstream clients.
“We are excited to contribute significant value to TransCanada’s
upcoming pipeline and pipeline facility projects. We look forward to
establishing a mutually beneficial long-term relationship with
TransCanada.”
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 50,000 people and operates in more than 30 countries
around the world. For more information, visit www.jacobs.com.
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 2015 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.
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Source: Jacobs Engineering Group Inc.