Acquisition enhances Jacobs' IT business in Australia
PASADENA, Calif., Dec. 2, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has acquired Unique World, an information technology (IT) services company based in Sydney, Australia.
Officials did not disclose the terms of the agreement.
The acquisition allows Jacobs to expand its capabilities in Australia to include IT services, as well as to expand its services with existing customers such as mining and minerals clients, the Department of Defense and other public sector agencies and commercial businesses.
Jacobs views IT services to be a particularly strong market, and this acquisition aligns with Jacobs' strategy to grow key markets in new and existing locations outside of the U.S.
In making the announcement, Jacobs President and CEO Craig Martinstated, "Unique World is comprised of a strong, engaged team with solid delivery focus. Their strengths are a great complement to Jacobs and to our mutually client-focused culture."
Unique World CEO Eddie Geller stated, "By joining Jacobs we're expanding our global resource base and broadly enhancing our capabilities. This is a tremendous opportunity for both the clients and employees of Unique World."
Unique World's IT services concentrate on information and knowledge management; enterprise collaboration and intranets and portals solutions using Microsoft SharePoint Server.
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2011 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.