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DHAHRAN, Saudi Arabia & DALLAS--(BUSINESS WIRE)--Saudi Aramco entered into an agreement today with Jacobs (NYSE:JEC) to form a Saudi Arabia-based joint venture company to provide professional program and construction management (PMCM) services for social infrastructure projects throughout the Kingdom and across the Middle East and North Africa. Jacobs’ presence in Saudi Arabia spans more than 40 years. Jacobs Chairman and CEO Steve Demetriou said, “Our joint venture exemplifies the power of bringing together Saudi Aramco and Jacobs as an effective economic catalyst to support the Kingdom’s Vision 2030. The new company combines Jacobs’ industry-leading capabilities and our joint project delivery skills to help transform social infrastructure in this rapidly changing region.” The new company’s services will include a full-spectrum of professional PMCM activities, with expertise in supporting all phases of the project lifecycle for social infrastructure projects. The company will advance training and help create quality jobs for Saudi nationals through the development of a sustainable and competitive program. Saudi Aramco is a world leader in integrated energy and chemicals. We are driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s crude oil supply to developing new energy technologies, our global team is dedicated to creating positive impact in all that we do. We focus on making our resources more sustainable and more useful. This promotes long-term economic growth and prosperity around the world. Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com. 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 Jacobs’ Form 10-K for the year ended September 30, 2016, 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 as well as the Jacobs’ other filings with the Securities and Exchange Commission. We do not undertake to update any forward-looking statements made herein.


News Article | August 2, 2017
Site: www.businesswire.com

DALLAS--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC), as part of the separately announced acquisition of CH2M HILL Companies Ltd., has formed an Integration Management Office (IMO) to oversee the integration of Jacobs and CH2M. The IMO will be jointly led on a full-time, dedicated basis by senior executives from both companies. Gary Mandel, who joined Jacobs six years ago through the Aker Solutions Process & Construction acquisition, and most recently served as Jacobs President of Petroleum & Chemicals (P&C), has been appointed to lead the integration for Jacobs. In addition, Jacobs announced that Vinayak Pai has been appointed interim head of global Petroleum & Chemicals. “I have the greatest confidence in these accomplished executives in their new roles,” said Steve Demetriou, Jacobs Chairman and CEO. “Gary’s previous leadership responsibilities over a 35 year career, including his extensive experience in infrastructure and government services, coupled with the fact that he has successfully navigated many global acquisitions and integrations make him a great fit for this new role.” “We also extend our appreciation to Vinayak for taking on these expanded responsibilities. Vinayak’s deep experience in the oil and gas, refining and chemical industries position him well to lead the P&C business on an interim basis.” Previously, Mandel served as President of Jacobs’ global P&C business serving clients in the oil and gas, refining and chemicals market sectors – offering a full range of consulting, PMC, EPC and EPCm services. He also led Jacobs’ global Mining and Minerals business. As a result of Jacobs’ acquisition of Aker Solutions Process & Construction business in 2011, Mandel joined Jacobs as Executive Vice President of Operations overseeing various global portfolios including, upstream and downstream oil and gas business, as well as the heavy process, biopharma, infrastructure, consulting, module fabrication, specialty chemicals and mining and minerals markets. Prior to joining Jacobs, Mandel served as Executive Vice President for Aker Solutions, overseeing their oil and gas, process, energy and government services business. Mandel also spent 15 years at Brown & Root in various project leadership roles for the global construction, engineering and maintenance company. Previously, Pai served as Senior Vice President Global Operations for Jacobs’ P&C business with responsibility for global integrated delivery and EPC and EPCm project delivery excellence globally. Pai, who joined Jacobs in 2013, has more than 28 years of experience in the oil and gas and petrochemical industry, with extensive experience in executing upstream and downstream projects. Pai received an executive MBA from IIT Mumbai, a post graduate in management from Symbiosis Institute in Pune, India and holds an Engineering degree from the College of Engineering in Pune. Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com. Certain statements contained in this document constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this press release that are not based on historical fact are forward-looking statements, including statements regarding whether and when the proposed transaction between Jacobs and CH2M will be consummated and the anticipated benefits thereof. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain, and you should not place undue reliance on such statements as actual results may differ materially. We caution the reader that there are a variety of risks, uncertainties and other factors that could cause actual results to differ materially from what is contained, projected or implied by our forward-looking statements. The potential risks and uncertainties include, among others, the possibility that CH2M may be unable to obtain required stockholder approval or that other conditions to closing the transaction may not be satisfied, such that the transaction will not close or that the closing may be delayed; general economic conditions; the possibility of unexpected costs, liabilities or delays in connection with the transaction; risks that the transaction disrupts current plans and operations of the parties to the transaction; the ability to recognize the benefits of the transaction; the amount of the costs, fees, expenses and charges related to the transaction and the actual terms of any financings that will be obtained for the transaction; the outcome of any legal proceedings related to the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements see Jacobs’ Annual Report on Form 10-K for the period ended September 30, 2016, and CH2M’s Annual Report on Form 10-K for the period ended December 30, 2016 and in particular ”Risk Factors” discussing thereunder, as well as Jacobs’ and CH2M’s other filings with the Securities and Exchange Commission. Neither Jacobs nor CH2M is under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law. Additional Information and Where to Find It In connection with the proposed acquisition of CH2M by Jacobs pursuant to the terms of an Agreement and Plan of Merger by and among CH2M, Jacobs and Basketball Merger Sub Inc., a wholly owned subsidiary of Jacobs (“Merger Sub”), Jacobs intends to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (the “Form S-4”) that will contain a proxy statement of CH2M and a prospectus of Jacobs, which proxy statement/prospectus will be mailed or otherwise disseminated to CH2M’s stockholders when it becomes available. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS) BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT JACOBS, CH2M AND THE MERGER. Investors may obtain free copies of the proxy statement/prospectus when it becomes available, as well as other filings containing information about Jacobs and CH2M, without charge, at the SEC’s Internet website (http://www.sec.gov). Copies of these documents may also be obtained for free from the companies’ websites at www.jacobs.com or www.ch2m.com Jacobs, CH2M and their respective officers and directors may be deemed to be participants in the solicitation of proxies from the stockholders of CH2M in connection with the proposed Merger of Merger Sub with and into CH2M. Information about Jacobs’ executive officers and directors is set forth in its Annual Report on Form 10-K, which was filed with the SEC on November 22, 2016 and its proxy statement for its 2017 annual meeting of stockholders, which was filed with the SEC on December 9, 2016. Information about CH2M’s executive officers and directors is set forth in its Annual Report on Form 10-K, which was filed with the SEC on March 7, 2017, and the proxy statements for its 2017 annual meeting of stockholders, which was filed with the SEC on April 24, 2017. Investors may obtain more detailed information regarding the direct and indirect interests of Jacobs, CH2M and their respective executive officers and directors in the acquisition by reading the preliminary and definitive proxy statement/prospectus regarding the proposed transaction when it is filed with the SEC. When available, you may obtain free copies of these documents as described in the preceding paragraph. This press release relates to a proposed business combination between Jacobs and CH2M. This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This document is not a substitute for the prospectus or any other document that Jacobs or CH2M may file with the SEC in connection with the proposed transaction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.


DALLAS--(BUSINESS WIRE)--Jacobs Engineering Group Inc (NYSE:JEC) and Volterra Partners have been honored as a finalist in the 2017 Wolfson Economics Prize, the most significant global economics prize after the Nobel Prize. The Wolfson council asked, “How can we pay for better, safer, more reliable roads in a way that is fair to road users and good for the economy and the environment?” The Volterra and Jacobs’ entry “Pricing for Prosperity,” sets out how present U.K. fuel and vehicle excise duties can be replaced by a road user charging system that results in faster journeys, guaranteed journey times, and less congestion and pollution. "We’re honored to be one of the five finalists in the 2017 Wolfson Prize in collaboration with Paul Buchanan and the team at Volterra Partners,” said Jacobs Senior Vice President Buildings and Infrastructure Bob Duff. “Given the huge potential in this proposed solution, we look forward to working with governments worldwide to explore how a system like this could be developed, allowing better directed resources to help alleviate air quality, road congestion and road maintenance issues, as well as encourage new car technology.” The proposed solution offers motorists choices of routes and prices depending on time of day, expected levels of congestion, type of vehicle used (to take into account pollution impact), and provides a guaranteed journey time. Any delays on the journey lead to either a partial or full refund or potentially a compensation payment. In addition, motorists making regular trips could, when congestion is predicted to be severe, be offered money either not to travel or to do so at less busy times. The submission suggests money raised from the scheme is used to maintain and enhance the transport network, and to establish a community fund which will be available to communities most impacted by road traffic to mitigate and offset its impact. Paul Buchanan, partner at Volterra and the submission’s principal author said, “Thanks to new technology, our Pricing for Prosperity solution offers the chance to radically reduce delays, fund a much better network at lower cost to users, and drive environmental and safety improvements while maintaining privacy for users. Drivers receive performance guarantees and compensation if those are not met.” The Prize is sponsored by Lord Wolfson of Aspley, and run in partnership with the think tank Policy Exchange. It is the second largest economics prize in the world after the Nobel Prize and this year attracted over 120 entries from seven countries. This year’s Prize was directed by former Transport and Downing Street Special Adviser, Julian Glover. The Prize invites new thinking to address major economic policy issues that aren't already subject to significant public discourse. Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com. 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 Form 10-K for the year ended September 30, 2016, 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. John Siraut, Jacobs’ lead contributor to the submission, is available for media interviews; please contact Vanessa Mourant: vanessa.mourant@jacobs.com to arrange.


News Article | August 2, 2017
Site: www.businesswire.com

DALLAS & DENVER--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) and CH2M HILL Companies Ltd. today announced that they have entered into a definitive agreement under which Jacobs will acquire all of the outstanding shares of CH2M in a cash and stock transaction with an enterprise value (EV) of approximately $3.27 billion, including approximately $416 million of CH2M net debt. The combination unites two industry-leading, innovative companies with complementary capabilities, cultures and relationships, resulting in a differentiated, end-to-end value proposition for clients and an enhanced platform for sustainable, profitable growth. With trailing twelve month (TTM) revenues of $4.4 billion1 and a team of 20,000 employees, CH2M is a world-renowned design, engineering and program management firm, and is a leader in key infrastructure and government service sectors that Jacobs has previously targeted for growth, including water, transportation, environmental and nuclear. Applying CH2M’s advanced design, technical and program management expertise across Jacobs’ global footprint will enable the combined company to deliver more solutions to more clients in both the government and private sector. “By increasing our industry reach and adding to our already extensive skills, this transaction enhances our value to our clients and bolsters Jacobs’ position as a premier consulting, design, engineering, construction, and operations and maintenance technical services firm. CH2M brings to Jacobs a talented, engaged team with capabilities and values that are very complementary to our own. Together, we will bring more solutions to our clients, give more opportunity to our employees and create increased value for Jacobs’ shareholders. In addition, this transaction is consistent with our M&A criteria, accelerating our ability to achieve our financial growth targets and propelling Jacobs toward our vision of providing innovative solutions for a more connected, sustainable world,” said Steve Demetriou, Jacobs’ Chairman and CEO. “We are delighted about the prospects of combining CH2M with Jacobs,” said CH2M Chairman and CEO Jacqueline Hinman. “Since late 2014, we’ve been transparent about our plans to pursue an ownership transition, providing sustained access to capital for growth. Considering all of the options, we focused on securing greater opportunities for our employees, delivering superior value to our clients and enhanced value for our stockholders, all while continuing to serve the higher purpose our company is known for, providing sustainable solutions for a better world. Throughout this time, we strengthened our business portfolio and performance, which put us in a position to deliver the best possible value and outcome for the future of the company. This was the unanimous choice of our Board, and the value Jacobs will provide to our stockholders, reflects genuine appreciation for our employees and the world-class work we deliver to our clients.” Jacobs is already a global leader in the resource-constrained $300 billion transportation sector, which includes highways, rail, aviation and ports, and is growing 4% to 5% on a compounded annual rate. This sector has large spend and significant momentum given population growth and associated need for all transportation modes in multiple geographies, particularly in the United States, Australia, New Zealand, Southeast Asia, the Middle East and the United Kingdom. Jacobs’ premier position in transportation with CH2M is expected to make the combined company an employer of choice, enabling it to better attract and retain talent and address the sector’s resource constraints. Capitalizing on Jacobs’ and CH2M’s combined talent, resources and scale creates a unique opportunity to better serve clients and improve the quality and dependability of their infrastructure. Environmental work represents an approximate $160 billion opportunity, growing 4% to 5% on a compounded annual rate. The combined company will have among the broadest and deepest environmental capabilities in the industry. In addition, CH2M’s environmental expertise builds on Jacobs’ existing U.S. Federal client base, positioning the combined company to be a stronger partner for global government clients. Further, this leading environmental capability, from planning and permitting to remediation, is transferable across Jacobs’ private sector client base, creating the opportunity for substantial upside potential for the combined company. The transaction also enhances Jacobs’ existing position in the petroleum and chemicals industry by providing additional operational and maintenance capabilities for upstream and midstream clients and enabling infrastructure for major petroleum and chemicals projects. Jacobs has formed an Integration Management Office (IMO) to oversee the integration of the two companies. The IMO will be jointly led by senior executives from both companies on a dedicated, full-time basis, including, as announced separately today, Gary Mandel, most recently Jacobs President of Petroleum & Chemicals, who has been appointed Executive Vice President of Integration for Jacobs, and Lisa Glatch, Executive Vice President for Growth and Sales at CH2M. In addition, Jacobs has hired a leading independent consulting firm to support the integration. Rigorous integration processes and protocols are being established to ensure transparency and accountability for synergy capture. Jacobs’ executive leadership team will be actively involved in integration planning with the Company’s Board of Directors engaged in oversight. At the close of the transaction, Jacobs’ Board will be expanded to include an additional director from CH2M. In connection with integration planning, Demetriou continued, “Jacobs is leveraging lessons learned from past experiences and is focused on critical success factors, including retaining talent, building on the strong culture foundations of both companies, ensuring base business performance, and developing and delivering cost and growth synergies. “Jacobs and CH2M have complementary cultures and shared values that put people at the heart of the business. With this foundation and the clear integration plan we have developed, we expect to successfully bring our companies together. We admire CH2M’s engaging culture and look forward to coming together as we work to realize the full benefits of a united team.” Under the terms of the merger agreement, which has been unanimously approved by the Boards of Directors of both companies, CH2M’s stockholders will have the option to elect to receive either $88.08 in cash, 1.6693 shares of Jacobs common stock or a mix of $52.85 in cash and 0.6677 shares of Jacobs common stock subject to proration such that the aggregate consideration paid to CH2M stockholders will equal 60% cash and 40% Jacobs common stock. Following the close of the transaction, CH2M stockholders will own 15% of Jacobs shares on a fully diluted basis based on the number of Jacobs shares outstanding today. The transaction is not subject to a financing condition. Jacobs expects to finance the $2.4 billion cash required for the transaction through a combination of cash on hand, borrowings under the Company’s existing revolving credit facility and $1.2 billion of new committed 3-year term debt arranged by BNP Paribas and The Bank of Nova Scotia. Jacobs’ post-close liquidity is expected to remain robust at approximately $900 million. The transaction, which is expected to close in Jacobs’ fiscal 2018 first quarter, is subject to the satisfaction of customary closing conditions, including regulatory approvals and approval by CH2M stockholders. Apollo Global Management, LLC (NYSE: APO), which has an approximate 18% voting interest in CH2M, has agreed to vote in favor of the transaction. Perella Weinberg Partners LP and Morgan Stanley & Co. LLC are serving as financial advisors to Jacobs. Fried, Frank, Harris, Shriver & Jacobson LLP and Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Jacobs. BofA Merrill Lynch and Credit Suisse are serving as financial advisors to CH2M. Latham & Watkins LLP and Richards, Layton & Finger, P.A. are serving as legal counsel to CH2M. Jacobs will host a conference call today, August 2, 2017, at 7:30 A.M. CT / 8:30 A.M. ET to discuss this announcement with the financial community. The conference call can be accessed by dialing (833) 231-8270 (U.S./Canada) or (647) 689-4115 (International) and giving the passcode 65134301. A replay of the call will be available from August 2, 2017 until August 8, 2017 by dialing (800) 585-8367 (U.S./Canada) or (416) 621-4642 (International) and by entering the passcode 65134301. Interested parties can listen to the conference call and view accompanying slides on the internet at www.Jacobs.com. CH2M will host a special Stockholder Call today, August 2, 2017, at 10:00 A.M. MT / 12:00 P.M. ET, to discuss the details of its proposed combination with Jacobs. Further information about how to participate may be found at ir.ch2m.com. Note to Editors: Additional information about the transaction can be found at www.Jacobs.com/CH2M. Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com. More than 20,000 employees strong, CH2M leads the professional services industry delivering sustainable solutions to promote positive societal, environmental and economic outcomes through the delivery of infrastructure. CH2Mers make a positive difference providing consulting, design, engineering, operations and maintenance, and program management services for clients needing world-class solutions in environmental; industrial and advanced facilities; transportation; and water, from iconic infrastructure like the Panama Canal to the 2012 Olympic Games in London. Ranked among the World’s Most Ethical Companies and top firms in environmental consulting and program management, CH2M is the only firm in the engineering and construction industry to receive several prestigious awards, such as the World Environment Center Gold Medal Award for International Corporate Achievement in Sustainable Development, the Stockholm Industry Water Award for its leadership in potable water reuse, and the Catalyst Award for our success in recruiting, developing and advancing women in the workplace. Connect with CH2M at www.ch2m.com; LinkedIn; Twitter; and Facebook. Certain statements contained in this document constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this press release that are not based on historical fact are forward-looking statements, including statements regarding whether and when the proposed transaction between Jacobs and CH2M will be consummated and the anticipated benefits thereof. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain, and you should not place undue reliance on such statements as actual results may differ materially. We caution the reader that there are a variety of risks, uncertainties and other factors that could cause actual results to differ materially from what is contained, projected or implied by our forward-looking statements. The potential risks and uncertainties include, among others, the possibility that CH2M may be unable to obtain required stockholder approval or that other conditions to closing the transaction may not be satisfied, such that the transaction will not close or that the closing may be delayed; general economic conditions; the possibility of unexpected costs, liabilities or delays in connection with the transaction; risks that the transaction disrupts current plans and operations of the parties to the transaction; the ability to recognize the benefits of the transaction; the amount of the costs, fees, expenses and charges related to the transaction and the actual terms of any financings that will be obtained for the transaction; the outcome of any legal proceedings related to the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements see Jacobs’ Annual Report on Form 10-K for the period ended September 30, 2016, and CH2M’s Annual Report on Form 10-K for the period ended December 30, 2016 and in particular ”Risk Factors” discussing thereunder, as well as Jacobs’ and CH2M’s other filings with the Securities and Exchange Commission. Neither Jacobs nor CH2M is under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law. Additional Information and Where to Find It In connection with the proposed acquisition of CH2M by Jacobs pursuant to the terms of an Agreement and Plan of Merger by and among CH2M, Jacobs and Basketball Merger Sub Inc., a wholly owned subsidiary of Jacobs (“Merger Sub”), Jacobs intends to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (the “Form S-4”) that will contain a proxy statement of CH2M and a prospectus of Jacobs, which proxy statement/prospectus will be mailed or otherwise disseminated to CH2M’s stockholders when it becomes available. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS) BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT JACOBS, CH2M AND THE MERGER. Investors may obtain free copies of the proxy statement/prospectus when it becomes available, as well as other filings containing information about Jacobs and CH2M, without charge, at the SEC’s Internet website (http://www.sec.gov). Copies of these documents may also be obtained for free from the companies’ websites at www.jacobs.com or www.ch2m.com Jacobs, CH2M and their respective officers and directors may be deemed to be participants in the solicitation of proxies from the stockholders of CH2M in connection with the proposed Merger of Merger Sub with and into CH2M. Information about Jacobs’ executive officers and directors is set forth in its Annual Report on Form 10-K, which was filed with the SEC on November 22, 2016 and its proxy statement for its 2017 annual meeting of stockholders, which was filed with the SEC on December 9, 2016. Information about CH2M’s executive officers and directors is set forth in its Annual Report on Form 10-K, which was filed with the SEC on March 7, 2017, and the proxy statements for its 2017 annual meeting of stockholders, which was filed with the SEC on April 24, 2017. Investors may obtain more detailed information regarding the direct and indirect interests of Jacobs, CH2M and their respective executive officers and directors in the acquisition by reading the preliminary and definitive proxy statement/prospectus regarding the proposed transaction when it is filed with the SEC. When available, you may obtain free copies of these documents as described in the preceding paragraph. This press release relates to a proposed business combination between Jacobs and CH2M. This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This document is not a substitute for the prospectus or any other document that Jacobs or CH2M may file with the SEC in connection with the proposed transaction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. 1 Pro forma for the deconsolidation of CNEA JV (a large nuclear project in a consolidated Canadian joint venture) 2 Source for all business line opportunity figures: Internal assessment and third-party research 3 TTM as of June 2017; excludes restructuring charges and Inpex/MOPAC changes in project estimates 4 Adjusted cash earnings per share and adjusted earnings per share exclude transaction and integration costs. Adjusted earnings per share also excludes estimated amortization of intangibles


DALLAS--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) has been appointed by Zero Waste Scotland to help progress its world-leading work on implementing circular economy solutions in Scotland. Jacobs will provide environmental, economic and engagement services ranging from research, identification of circular economy opportunities, development of pilot schemes, pipeline development, and technical support around feasibility studies and business cases for implementation of circular economy business models for Scottish small and medium-sized enterprises (SMEs). Jacobs is one of seven consultancies with circular economy expertise engaged to help Zero Waste Scotland expand its circular economy support over the next two years. Zero Waste Scotland supports delivery of the Scottish Government’s circular economy strategy, which seeks to retain products and materials in high-value use and make the most of resources, maximising economic benefit for Scotland and reducing environmental impact at the same time. Jacobs’ services will support Zero Waste Scotland and its SME partners achieve this goal. Louise McGregor, Head of Circular Economy at Zero Waste Scotland, said: “Scotland is an award-winning pioneer of the circular economy, and we at Zero Waste Scotland are proud to have supported more than 30 businesses with circular economy business models and services to date. We are working hard to ensure Scotland enjoys the maximum economic, social and environmental benefits of more circular approaches to business. This project will help us continue that vital work by developing even more opportunities to maximise profits and minimise environmental impact.” “Jacobs has worked with Zero Waste Scotland for several years to identify and respond to resource efficiency and circular economy opportunities in a variety of industry sectors,” said Jacobs Senior Vice President Buildings and Infrastructure Bob Duff. “We have some of the most experienced and enthusiastic specialists in the waste and resources industry; people who are passionate about challenging current thinking. Our strategic advice helps businesses operate more effectively and benefit from more sustainable resource use. We look forward to leveraging our experience and skills to build on the strong relationship we have developed with Zero Waste Scotland.” Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com. Zero Waste Scotland exists to create a society where resources are valued and nothing is wasted. Our goal is to help Scotland realise the economic, environmental and social benefits of making best use of the world’s limited natural resources. We are funded to support delivery of the Scottish Government’s circular economy strategy and the EU’s 2020 growth strategy. Zero Waste Scotland is lead partner on the Resource Efficient Circular Economy Accelerator Programme, a £70 million strategic intervention in the current round of European Structural and Investment Funds. The Scottish Government is the Managing Authority for the European Structural Funds 2014-20 Programme. For further information visit the Scottish Government website or follow @scotgovESIF. More information on all Zero Waste Scotland’s work can be found at www.zerowastescotland.org.uk . Keep up to date with our latest news on - Twitter | Facebook | Google Plus | LinkedIn 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 Form 10-K for the year ended September 30, 2016, 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.


LONDON, UK / ACCESSWIRE / June 15, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Jacobs Engineering Group Inc. (NYSE: JEC). The Company announced on June 13, 2017, that the Pennsylvania Department of Transportation (PennDOT) had awarded a ten-year contract for Active Traffic Management. The multi-million-dollar contract covered the designing of a long-range, comprehensive, multi-modal transportation management solution which would improve travel along the Interstate 76 (Schuylkill Expressway) Corridor in the Philadelphia metropolitan area. For immediate access to our complimentary reports, including today's coverage, register for free now at: At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on JEC. Go directly to your stock of interest and access today's free coverage at: Expressing his views on the contract, Bob Pragada, Buildings & Infrastructure President of Jacobs said: "The proposed upgrades to the Schuylkill Expressway represent the convergence of innovative technology and infrastructure that will directly improve the quality of life for the commuting public in the Philadelphia metropolitan region. PennDOT has entrusted Jacobs to help create forward-focused, flexible yet practical travel solutions for this region, drawing on our broad transportation capabilities and experience from across the world." "The importance of this corridor to the Philadelphia region cannot be overstated. It's imperative that we take advantage of new technologies and partner with Southeastern Pennsylvania Transportation Authority and other key stakeholders and partners like Jacobs to offer citizens better options for travel between Philadelphia and the northwest suburbs." The contract is aimed at improving the travel and enable active traffic management along Interstate 76 (Schuylkill Expressway) and supporting arterials between the Pennsylvania Turnpike (I-276) and US Route1 interchanges. To achieve this goal, Jacob's will provide systems engineering and alternatives analysis, preliminary engineering, final design, right-of-way acquisition services and construction consultation. The improvement plan could cover a wide range of sub-projects like junction control, dynamic lane assignments, part-time shoulder use, ramp metering, multi-modal enhancements, connected vehicle applications, variable speed limit signs, and queue detection/warning components. PennDOT was created in 1970, when former Department of Highways was merged with the transportation related functions from the Department of Revenue, Commerce, Community Affairs, and Military Affairs. PennDOT oversees programs and policies affecting highways, urban and rural public transportation, airports, railroads, ports, and waterways. More than three-quarters of PennDOT's annual budget is invested in Pennsylvania's approximately 120,000 miles of state and local highways and 32,000 state and local bridges. PennDOT is directly responsible for nearly 40,000 miles of highway and roughly 25,400 bridges. It also handles the state's 11 million vehicle registrations and 8.8 million driver's licenses as well as oversees safety and emission inspection programs. It has an annual budget of over $8 billion in state and federal funds. Out of the nearly 12,000 PennDOT employees, over 10,000 employees are engaged in the maintenance, restoration, and expansion of the state highway system. Jacobs was founded in 1947 by Joseph J. Jacobs and is headquartered in Dallas, Texas. It is one of the world's largest and most diverse providers of full-spectrum technical, professional, and construction services for industrial, commercial, and government organizations globally. The Company has operations in more than 230 locations worldwide and is supported by a global team of 54,000 employees. The Company recorded revenue of $10.9 billion in FY16. On Wednesday, June 14, 2017, the stock closed the trading session at $54.59, slightly down 0.75% from its previous closing price of $55.00. A total volume of 568.83 thousand shares have exchanged hands. Jacobs Engineering's stock has advanced 3.35% and 7.00% in the last one month and past twelve months, respectively. The stock is trading at a PE ratio of 31.72 and has a dividend yield of 1.10%. The stock currently has a market cap of $6.52 billion. Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


LONDON, UK / ACCESSWIRE / June 15, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Jacobs Engineering Group Inc. (NYSE: JEC). The Company announced on June 13, 2017, that the Pennsylvania Department of Transportation (PennDOT) had awarded a ten-year contract for Active Traffic Management. The multi-million-dollar contract covered the designing of a long-range, comprehensive, multi-modal transportation management solution which would improve travel along the Interstate 76 (Schuylkill Expressway) Corridor in the Philadelphia metropolitan area. For immediate access to our complimentary reports, including today's coverage, register for free now at: At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on JEC. Go directly to your stock of interest and access today's free coverage at: Expressing his views on the contract, Bob Pragada, Buildings & Infrastructure President of Jacobs said: "The proposed upgrades to the Schuylkill Expressway represent the convergence of innovative technology and infrastructure that will directly improve the quality of life for the commuting public in the Philadelphia metropolitan region. PennDOT has entrusted Jacobs to help create forward-focused, flexible yet practical travel solutions for this region, drawing on our broad transportation capabilities and experience from across the world." "The importance of this corridor to the Philadelphia region cannot be overstated. It's imperative that we take advantage of new technologies and partner with Southeastern Pennsylvania Transportation Authority and other key stakeholders and partners like Jacobs to offer citizens better options for travel between Philadelphia and the northwest suburbs." The contract is aimed at improving the travel and enable active traffic management along Interstate 76 (Schuylkill Expressway) and supporting arterials between the Pennsylvania Turnpike (I-276) and US Route1 interchanges. To achieve this goal, Jacob's will provide systems engineering and alternatives analysis, preliminary engineering, final design, right-of-way acquisition services and construction consultation. The improvement plan could cover a wide range of sub-projects like junction control, dynamic lane assignments, part-time shoulder use, ramp metering, multi-modal enhancements, connected vehicle applications, variable speed limit signs, and queue detection/warning components. PennDOT was created in 1970, when former Department of Highways was merged with the transportation related functions from the Department of Revenue, Commerce, Community Affairs, and Military Affairs. PennDOT oversees programs and policies affecting highways, urban and rural public transportation, airports, railroads, ports, and waterways. More than three-quarters of PennDOT's annual budget is invested in Pennsylvania's approximately 120,000 miles of state and local highways and 32,000 state and local bridges. PennDOT is directly responsible for nearly 40,000 miles of highway and roughly 25,400 bridges. It also handles the state's 11 million vehicle registrations and 8.8 million driver's licenses as well as oversees safety and emission inspection programs. It has an annual budget of over $8 billion in state and federal funds. Out of the nearly 12,000 PennDOT employees, over 10,000 employees are engaged in the maintenance, restoration, and expansion of the state highway system. Jacobs was founded in 1947 by Joseph J. Jacobs and is headquartered in Dallas, Texas. It is one of the world's largest and most diverse providers of full-spectrum technical, professional, and construction services for industrial, commercial, and government organizations globally. The Company has operations in more than 230 locations worldwide and is supported by a global team of 54,000 employees. The Company recorded revenue of $10.9 billion in FY16. On Wednesday, June 14, 2017, the stock closed the trading session at $54.59, slightly down 0.75% from its previous closing price of $55.00. A total volume of 568.83 thousand shares have exchanged hands. Jacobs Engineering's stock has advanced 3.35% and 7.00% in the last one month and past twelve months, respectively. The stock is trading at a PE ratio of 31.72 and has a dividend yield of 1.10%. The stock currently has a market cap of $6.52 billion. Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / June 15, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Jacobs Engineering Group Inc. (NYSE: JEC). The Company announced on June 13, 2017, that the Pennsylvania Department of Transportation (PennDOT) had awarded a ten-year contract for Active Traffic Management. The multi-million-dollar contract covered the designing of a long-range, comprehensive, multi-modal transportation management solution which would improve travel along the Interstate 76 (Schuylkill Expressway) Corridor in the Philadelphia metropolitan area. For immediate access to our complimentary reports, including today's coverage, register for free now at: At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on JEC. Go directly to your stock of interest and access today's free coverage at: Expressing his views on the contract, Bob Pragada, Buildings & Infrastructure President of Jacobs said: "The proposed upgrades to the Schuylkill Expressway represent the convergence of innovative technology and infrastructure that will directly improve the quality of life for the commuting public in the Philadelphia metropolitan region. PennDOT has entrusted Jacobs to help create forward-focused, flexible yet practical travel solutions for this region, drawing on our broad transportation capabilities and experience from across the world." "The importance of this corridor to the Philadelphia region cannot be overstated. It's imperative that we take advantage of new technologies and partner with Southeastern Pennsylvania Transportation Authority and other key stakeholders and partners like Jacobs to offer citizens better options for travel between Philadelphia and the northwest suburbs." The contract is aimed at improving the travel and enable active traffic management along Interstate 76 (Schuylkill Expressway) and supporting arterials between the Pennsylvania Turnpike (I-276) and US Route1 interchanges. To achieve this goal, Jacob's will provide systems engineering and alternatives analysis, preliminary engineering, final design, right-of-way acquisition services and construction consultation. The improvement plan could cover a wide range of sub-projects like junction control, dynamic lane assignments, part-time shoulder use, ramp metering, multi-modal enhancements, connected vehicle applications, variable speed limit signs, and queue detection/warning components. PennDOT was created in 1970, when former Department of Highways was merged with the transportation related functions from the Department of Revenue, Commerce, Community Affairs, and Military Affairs. PennDOT oversees programs and policies affecting highways, urban and rural public transportation, airports, railroads, ports, and waterways. More than three-quarters of PennDOT's annual budget is invested in Pennsylvania's approximately 120,000 miles of state and local highways and 32,000 state and local bridges. PennDOT is directly responsible for nearly 40,000 miles of highway and roughly 25,400 bridges. It also handles the state's 11 million vehicle registrations and 8.8 million driver's licenses as well as oversees safety and emission inspection programs. It has an annual budget of over $8 billion in state and federal funds. Out of the nearly 12,000 PennDOT employees, over 10,000 employees are engaged in the maintenance, restoration, and expansion of the state highway system. Jacobs was founded in 1947 by Joseph J. Jacobs and is headquartered in Dallas, Texas. It is one of the world's largest and most diverse providers of full-spectrum technical, professional, and construction services for industrial, commercial, and government organizations globally. The Company has operations in more than 230 locations worldwide and is supported by a global team of 54,000 employees. The Company recorded revenue of $10.9 billion in FY16. On Wednesday, June 14, 2017, the stock closed the trading session at $54.59, slightly down 0.75% from its previous closing price of $55.00. A total volume of 568.83 thousand shares have exchanged hands. Jacobs Engineering's stock has advanced 3.35% and 7.00% in the last one month and past twelve months, respectively. The stock is trading at a PE ratio of 31.72 and has a dividend yield of 1.10%. The stock currently has a market cap of $6.52 billion. Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


Several processes for the manufacture of thin-walled tubes are described, including: injection moulding an article and annealing the article, injection moulding a blend of a polymer and a high melt flow polymer, injection moulding a blend of a polymer and nanoparticles or nanocomposites. Using nanoparticles to improve ESCR and/or tear resistance of a polymer or blend is also disclosed.


Several processes for the manufacture of thin-walled tubes are described, including: injection moulding an article and annealing the article, injection moulding a blend of a polymer and a high melt flow polymer, injection moulding a blend of a polymer and nanoparticles or nanocomposites. Using nanoparticles to improve ESCR and/or tear resistance of a polymer or blend is also disclosed.


Grant
Agency: NSF | Branch: Fellowship | Program: | Phase: | Award Amount: 94.00K | Year: 2011

None

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