- As expected, Jacobs Engineering (NYSE:JEC) has agreed to buy Australian employee-owned consultancy Sinclair Knight Merz (SKM) for A$1.3B ($1.2B) in a deal that adds to Jacobs' six other acquisitions in the past three years.
- SKM generated $1.2B in revenue in 2012 from clients in a range of sectors, including mining and power-plant construction. The firm has operations in Australia, Asia, South America and Britain.
- Jacobs expects SKM to add to its earnings once the deal is completed by the end of FQ1 2014. (PR)