Acquirer: WorleyParsons Limited (Australia)
Acquired: Energy, Chemicals and Resources businesses of Jacobs Engineering Group Inc. (U.S.)
Value: US$3.3 billion
Industry: Engineering; Professional Services
On October 21, 2018, Jacobs Engineering Group Inc., a US based publicly traded (NYSE: JEC) global engineering firm providing various professional services, including scientific, technical, professional and construction – and program – management for business, industrial, commercial, government and infrastructure sectors, and WorleyParsons Limited, an Australian publicly traded (ASX:WOR) professional services company, entered into an agreement pursuant to which WorleyParsons agreed to acquire the energy, chemicals and resources businesses of Jacobs Engineering Group. (See Jacobs Engineering Group Inc. Form 8-K, Oct. 22, 2018, SEC Filing.) CFIUS Approval was a condition to closing. (Section 8.01(b), Stock and Asset Purchase Agreement, Jacobs Engineering Group Inc. Form 8-K, Ex-2.1, Oct. 22, 2018, SEC Filing.) On March 20, 2019, the parties “received approval from the Committee on Foreign Investment in the United States” with respect to the transaction. (See Jacobs Engineering Group Inc. Form 8-K, Mar. 21, 2019, SEC Filing.)
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