Jacobs acquires KlingStubbins in US

Jacobs acquires KlingStubbins in US

7:37 PM, 1st November 2011
Jacobs acquires KlingStubbins in US
Craig Martin, President and CEO, Jacobs.

PASADENA, US: Jacobs Engineering Group Inc has acquired KlingStubbins in US and Asia. Jacobs’ acquisition of KlingStubbins, which has approximately 500 employees located in the United States and Asia, particularly enhances the company’s capabilities in design. KlingStubbins provides professional services in planning, architecture, engineering and interiors. The companies did not disclose the terms of the agreement.

KlingStubbins’ specializations reinforce high growth markets for Jacobs, particularly science and technology (higher education, R&D, laboratory R&D) and mission critical (intelligence/cyber security and corporate data centres).

Further deepening Jacobs’ architecture and engineering practice allows the company to strengthen its overall service offerings to all of its clients globally. Additionally, Jacobs is able to provide KlingStubbins’ clients with access to significantly increased capabilities and support.

“We are acquiring a solid business with a history of good performance. This acquisition allows us to further diversify our services and drive greater growth in our business,” said Craig Martin, President and CEO, Jacobs.

“This acquisition takes advantage of our shared client base and increases design opportunities in the global marketplace. Through Jacobs, we have access to a much wider global resource base that enables us to enhance our design services for clients as well as provide more opportunities for our employees,” said Michael Lorenz, National Managing Principal, KlingStubbins.

(C) WOC News



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