Thursday, August 3, 2017

USA: Two Companies With History of Involvement in Geothermal Energy Projects Announce Merger

Jacobs to Acquire CH2M to Create Premier $15 Billion Global Solutions Provider (News Release)

Jacobs Engineering Group Inc. 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.

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.