Jacobs Completes Acquisition of KeyW
DALLAS, June 12, 2019 /PRNewswire/ -- Jacobs (NYSE:JEC) today announced that it has completed its acquisition of KeyW. The transaction further positions Jacobs as a leader in high-value Government Services, and allows Jacobs' Aerospace, Technology and Nuclear (ATN) business to further advance its strategy of delivering innovative and unique mission-oriented solutions for highly technical and high-consequence government priorities.
"This combination unites complementary capabilities, cultures and client relationships, as well as proprietary technology and products, to accelerate Jacobs' profitable growth strategy," said Jacobs Chair and CEO Steve Demetriou. "The addition of KeyW within our ATN business advances our strategy to drive growth in higher value markets, including a multi-billion-dollar space opportunity delivering next generation intelligence and analytics solutions. Together, we bring the industry's foremost expertise and services, creating value for shareholders and clients as a trusted provider of unique, technical mission-oriented solutions while offering greater opportunities for employees."
With the integration of KeyW into Jacobs' ATN business, the Company has expanded its advanced engineering and technology solutions in the key growth areas of intelligence, cyber and counterterrorism. The acquisition further diversifies Jacobs' end-to-end solutions for its clients through KeyW's Intelligence, Surveillance and Reconnaissance (ISR), differentiated cyber technology and mission-critical IT and analytics capabilities. This transaction enhances Jacobs' portfolio by adding intellectual property-driven technology with unique proprietary C5ISR solutions. A joint integration planning process has been conducted ensuring operational continuity while immediately starting to harness value creation.
About Jacobs
Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With approximately $12 billion in revenue and a talent force of more than 50,000, 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, and connect with Jacobs on LinkedIn, Twitter, Facebook and Instagram.
For additional information, contact:
Jacobs
Investors:
Jonathan Doros, 817-239-3457
Media:
Amy Ochs, 214-912-9171
Web Site: http://www.jacobs.com
