Jacobs acquire majority of Aker’s P&C business

Jacobs Engineering Group Inc. has completed the acquisition of a number of Aker Solutions’ operations within its Process and Construction (P&C) business area. The acquisition has a cash purchase price of USD 675 million, adjusted for cash and debt acquired. Aker Solutions will retain Aker Projects (Shanghai) Company Limited pending regulatory clearances in China. This acquisition significantly expands Jacobs’ global presence in the mining and metals market, providing a new geographic region with South America and strengthening Jacobs’ presence in China. It also increases Jacobs’ regional presence in Australia, Europe and North America.

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