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Slide #55. Jacobs Engineering Group Inc. — Sinclair Knight Merz
Jacobs Engineering Group Inc. (JEC)
Sinclair Knight Merz
Jacobs Engineering Group Inc. announced that it entered into a merger implementation agreement with Sinclair Knight Merz (SKM), a 6,500-person professional services firm headquartered in Australia, for approximately AUS$1.3 billion in cash (approximately US$1.2 billion as of the date of this release). The purchase price reflects an enterprise value of AUS$1.2 billion (US$1.1 billion) plus adjustments for cash, debt and other items.
Jacobs Engineering Group provides services including consulting, technical, scientific and project delivery for the government and private sector. Co.'s lines of business are: Critical Mission Solutions, which provides cybersecurity, data analytics, software application development, enterprise and mission information technology, systems integration and other technical consulting solutions to government agencies as well as aerospace, automotive and telecom customers; and People and Places Solutions, which provides end-to-end solutions for its clients' projects, whether connected mobility, water, smart cities, manufacturing or the environment.
Open the JEC Page at The Online Investor »
Strong Buy (3.80 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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