Jacobs Engineering completes Sinclair Knight Merz merger transaction
Jacobs Engineering has completed its merger transaction with Sinclair Knight Merz (SKM) - an agreement which was initially announced in September. Jacobs purchased SKM for approximately AU$1.3 billion in cash.
Jacobs is a large and diverse provider of technical professional and construction services. SKM, meanwhile, is a professional services firm with broad consulting, planning, engineering, architecture, scientific and construction management capabilities.
Founded in 1964 and headquartered in Australia, the employee-owned SKM has significant operations in Australia, Asia, South America and the UK. The company serves clients in industries including mining and metals, building and infrastructure, water and environment, and power and energy.
Jacobs President and CEO Craig Martin said the combination of the companies “further diversifies our geographic offerings and the end markets we serve”. SKM CEO and Managing Director Santo Rizzuto added that the integration provides benefits which “allow us to serve our clients better and in more places”.
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