Jacobs Completes Acquisition of Aker Solutions' P&C Business
PASADENA, Calif., April 20, 2011 - Jacobs Engineering Group Inc. (NYES:JEC) announced today that it has completed the acquisition of Aker Projects (Shanghai) Company Limited, Aker Solutions' onshore P&C operations in China. The completion of the acquisition expands Jacobs' presence in China and the region.
Jacobs President and Chief Executive Officer Craig Martin said, "China and the surrounding regions are extremely important to our growth strategy. The completion of the acquisition doubles our footprint in China, allowing us to provide significant capabilities to our China-based clients and to other global clients exploring investments in the region."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
For additional information contact:
John W. Prosser, Jr.
Executive Vice President, Finance and Administration
626.578.6803
SOURCE Jacobs Engineering Group Inc.
Web Site: www.jacobs.com
