Jacobs Engineering Group


Jacobs Engineering Group Inc. is an American international technical professional services firm. The company provides technical, professional and construction services, as well as scientific and specialty consulting for a broad range of clients globally including companies, organizations, and government agencies. Its worldwide annual revenue reached nearly $15 billion in the 2018 fiscal year. Jacobs has consistently ranked No. 1 on both Engineering News-Record 's 2018/2019/2020 Top 500 Design Firms and Trenchless Technology’s 2018/2019 Top 50 Trenchless Engineering Firms.

Overview

Jacobs Engineering was founded in 1947 by Joseph J. Jacobs. The company's current Chief Executive Officer is Steven J. Demetriou. He has been the Chairman of the Board since July 28, 2016 and has been its CEO and President since 2015. The previous President and CEO was Craig L. Martin from 2006 until 2014.
The company is publicly traded as a Fortune 500 company. As of September 2018, Jacobs had more than 80,800 employees globally, and more than 400 offices in North America, South America, Europe, the Middle East, Australia, Africa, and Asia.
In October 2016, the company moved its headquarters from Pasadena, California to Dallas, Texas.
On August 9, 2017, the Pentagon awarded a $4.6 billion Integrated Research & Development for Enterprise Solutions follow-on contract to Jacobs Technology Inc, a unit of Jacobs Engineering Group Inc. to provide products and services for the Missile Defense Agency and its Missile Defense Integration and Operations Center.
In October 2018, Jacobs agreed to sell its Energy, Chemicals and Resources segment to WorleyParsons.

Acquisitions

In FY 2008, Jacobs spent $264 million to acquire Carter and Burgess, Lindsey Engineering and a 60% stake in Zamel and Turbag Consulting Engineers.. In FY 2010, Jacobs acquired TechTeam, Tybrin and Jordan, Jones and Goulding for $259.5 million total.
In FY 2014, Jacobs announced it completed a merger transaction with Sinclair Knight Merz, a 6,900-person professional services firm headquartered in Australia. The purchase price reflects an enterprise value of AUS$1.2 billion plus adjustments for cash, debt and other items.
On August 2, 2017, Jacobs acquired CH2M Hill – a global engineering firm in key infrastructure and government service sectors, including water, transportation, environmental and nuclear in a $3.27 billion cash-and-stock deal.
In March 2020, Jacobs acquired Wood Nuclear, the nuclear services arm of UK-based John Wood Group, for £250 million, adding 2000 staff and bringing Jacobs' total UK workforce to almost 11,000.
In June 2020, during the COVID-19 pandemic in the United Kingdom, Jacobs planned up to 200 redundancies.