California Engineering Company to Buy Sinclair Knight Merz (ENR.com)
Australian firm Sinclair Knight Merz (SKM), with global capability in strategic consulting, engineering and project delivery including involvement in many geothermal energy projects, is being taken over by Pasadena, California -based Jacobs Engineering Group Inc.
The deal is set to boost Jacobs' role in mining and infrastructure markets in Australia and elsewhere, and would provide SKM with a link to a well-heeled parent in diverse industrial, government and transportation technical services businesses.
The transaction, subject to a shareholder vote by employee-owned SKM and to Australian government approval, is set to close during the first quarter of Jacobs' fiscal 2014, which ends on Dec. 31, 2013.
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