Jacobs Engineering bolsters Australian business
Multinational professional technical service provider, Jacobs Engineering, is expanding its Australian operations, agreeing to terms to acquire Lend Lease’s Australian consulting project management business.
The acquisition is part of a wider push by the company to grow its slice of local infrastructure development.
In February 2011, Jacobs bought Aker Solutions’ global process and construction business, which included Aker Solutions Australia, for US$675m, growing its exposure to the boom in mining, infrastructure and petroleum development Down Under.
Jacobs expects to finalise the Lend Lease acquisition by August 2012. The company said it will continue to operate the business, which employs about 50 people, from its Sydney offices.
Jacobs has more than 900 employees in Australia and has offices in Adelaide, Brisbane, Canberra, Melbourne, Perth and Sydney.