Wednesday, August 02, 2017

Jacobs Engineering to acquire CH2M HILL

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Jacobs Engineering Group Inc. will acquire CH2M HILL Companies Ltd.

 

The two companies have entered into a definitive agreement under which Jacobs will acquire all of the outstanding shares of CH2M in a cash and stock transaction with an enterprise value of approximately $3.27 billion, including approximately $416 million of CH2M net debt.

"By increasing our industry reach and adding to our already extensive skills, this transaction enhances our value to our clients and bolsters Jacobs' position as a premier consulting, design, engineering, construction, and operations and maintenance technical services firm. CH2M brings to Jacobs a talented, engaged team with capabilities and values that are very complementary to our own. Together, we will bring more solutions to our clients, give more opportunity to our employees and create increased value for Jacobs' shareholders. In addition, this transaction is consistent with our M&A criteria, accelerating our ability to achieve our financial growth targets and propelling Jacobs toward our vision of providing innovative solutions for a more connected, sustainable world," said Steve Demetriou, Jacobs' chairman and CEO.

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