Jacobs Rings NYSE Closing Bell, Marking Transformative Business Combination 70 Years in the Making
DALLAS — Jacobs Engineering Group Inc. (NYSE:JEC) rang the New York Stock Exchange (NYSE) Closing Bell® today to commemorate the transformative acquisition of CH2M, creating a $15 billion professional services leader delivering innovative solutions for a more connected, sustainable world.
“Today we celebrate a new Jacobs that brings together the industry’s foremost expertise providing innovative solutions for a more connected, sustainable world, and superior value to our clients,” said Chairman and CEO Steve Demetriou. “As we celebrate this historic occasion, it’s also a proud moment to reinforce our shared commitment to giving back in our communities by investing in STEM education to support volunteerism and workforce development, investible infrastructure programs and sustainable communities.”
Jacobs contributed $100,000—comprising $50,000 donations—to two global organizations whose programs further connected, sustainable development, Engineers Without Borders USA and the New York Academy of Sciences’ Global STEM Alliance. Both organizations provide mentoring and volunteer opportunities enabling company employees to share their knowledge and experience with students, teachers and communities.
Jacobs’ Transformative Acquisition of CH2M
On December 15, 2017, Jacobs completed its acquisition of CH2M in a cash and stock deal. The combination creates a diverse portfolio of complementary capabilities and technologies to serve complex, in-demand community- and business-development needs around the world.
As a result, the combination:
- Enhances position in infrastructure, including water and transportation.
- Bolsters top-tier position in nuclear and environmental services.
- Expands leadership in growing industrial sectors.
- Enhances energy, chemicals and resources portfolio.
“We’re now able to offer our clients a full complement of differentiated services, driven by global trends like urban migration, digital integration and the balance of human, natural and technological resources, including resilience in the face of climate and security threats,” Demetriou said.
About Engineers Without Borders USA
Engineers Without Borders USA is a non-profit humanitarian organization, established to partner with developing communities worldwide in order to improve their quality of life, providing sustainable engineering designs to those who need it.
About the Global STEM Alliance
Hosted by the New York Academy of Sciences, the Global STEM Alliance is a coalition of more than 250 organizations united in their commitment to increase the number and diversity of students in the STEM pipeline. GSA partners are educational institutions, government entities, industry leaders and not-for-profit organizations from around the world. GSA supports programs to identify talent, and to inspire and prepare the next generation of STEM innovators.
Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in combined revenue and a talent force more than 74,000 strong, 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.
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 Form 10-K for the year ended September 29, 2017, 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.