05-11-2013

Jacobs agreement to acquire interest in Guimar Engenharia

Jacobs Engineering Group Inc announced today that it has acquired an interest in Guimar Engenharia, a privately held engineering services and project management/construction management (PMCM) company based in Rio de Janeiro, Brazil.

Company officials did not disclose the terms of the agreement, but noted that the acquisition is a staged investment, with each stage subject to certain closing conditions.

Guimar has a broad client base and operations throughout Brazil, where it is a leading provider of PMCM services for clients in the pulp and paper, petroleum, chemicals, food and beverage, mining and minerals, building and infrastructure industries.

The acquisition represents Jacobs’ first significant investment in Brazil, enhancing its ability to serve key clients investing in Brazil and expanding the Company’s network of South American operations.

In making the announcement, Jacobs Executive Vice President Gary Mandel stated, "We are delighted at the prospect of bringing Guimar into Jacobs. Their business approach is aligned with ours; they have a proven and solid reputation, and great client relationships in their marketplace. With over 1,100 engineering and PMCM skilled resources, they would enable us to further enhance and build our business, both globally and locally."

Guimar`s CEO Herodoto Monte stated, “We are very enthusiastic about joining Jacobs. This event represents an important step for Guimar, as we open up new avenues for the diversification and growth of our business. We expect the combined synergy of values, expertise and capabilities of Jacobs and Guimar together to boost our growth; increasing the portfolio we can offer to our present and future clients, and providing new opportunities for our employees.”