August 02, 2017

Jacobs Engineering to acquire CH2M

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JACOBS Engineering Group announced on August 2 that it has entered a definitive agreement with CH2M to acquire all of the company’s outstanding shares in a cash-and-stock transaction with an enterprise value of $US 3.27bn, including CH2M’s $US 416m net debt.

The $US 2.85bn equity value will be paid 60% in cash and 40% in Jacobs common stock. Jacobs says it expects the deal to generate $US 150m in cost synergies.

The transaction is expected to close in the first quarter of the 2018 financial year, subject to the approval of regulators and CH2M shareholders.

Jacobs employs more than 54,000 people in 25 countries around the world, while CH2M has more than 20,000 staff and generated revenues of $US 4.4bn over the last year.

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