WorleyParsons completes Jacobs ECR acquisition

WorleyParsons has completed the $3.2-billion (A$4.55-billion) acquisition of Jacobs Engineering Group Inc.’s Energy, Chemicals and Resources division.

Offshore staff

NORTH SYDNEY, AustraliaWorleyParsons has completed the $3.2-billion (A$4.55-billion) acquisition of Jacobs Engineering Group Inc.’s Energy, Chemicals and Resources division.

The new merged business can deliver end-to-end chemicals, mining and energy projects, including complete offshore delivery solutions in theGulf of Mexico. It employs about 57,600 people across 51 countries.

The operating structure four business units, Advisian, Energy and Chemical Services, Mining, Minerals & Metals Services and Major Projects and Integrated Solutions, is effective from completion. The transition process for combining the businesses into a cohesive, merged new company is under way following a period of extensive planning.

WorleyParsons has adopted ‘Worley’ as its new brand. The company name will be changed to Worley Ltd., subject to the approval of members at the AGM in October 2019.

04/29/2019

More in Company News