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Sat November 28 2020

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Jacobs completes $1.3bn purchase of Sinclair Knight Merz

16 Dec 13 Jacobs has completed its merger transaction with Sinclair Knight Merz (SKM), paying AU$1.3bn (£714m) cash for the 6,900-person professional services firm headquartered in Australia.

Above: SKM projects include the London 2012 Basketball Arena
Above: SKM projects include the London 2012 Basketball Arena

SKM is an employee-owned company with broad consulting, planning, engineering, architecture, scientific and construction management capabilities. It has significant operations in Australia, Asia, South America, and the UK and serves clients in multiple industries, including mining and metals, building and infrastructure, water and environment, and power and energy. Its UK projects have included the London 2012 Basketball Arena. SKM’s 2013 revenue was approximately AUS$1.3bn.

The deal had been announced in September.

In making the announcement, Jacobs president and CEO Craig Martin said: “The combination of Jacobs and SKM further diversifies our geographic offerings and the end-markets we serve. We look forward to integrating the two companies and see many excellent opportunities ahead to support our clients, develop our people, and grow our business.”

SKM CEO and managing director Santo Rizzuto added: “We are very enthusiastic about our future with Jacobs. Being one integrated company increases opportunities for our employees to build their careers in a range of disciplines around the world. We have significantly expanded our geographies and capabilities. The benefits we can deliver now that our companies are joined allow us to serve our clients better and in more places.”

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