Jacobs Engineering Group plans acquiring chinese firm Suzhou Han’s Chemical Engineering

Jacobs plans to acquire Chinese Engineering firm, Suzhou Han

11:54 AM, 6th November 2013
Jacobs Engineering Group plans acquiring chinese firm Suzhou Han’s Chemical Engineering

PASADENA, US: Jacobs Projects (Shanghai) Co Ltd, subsidiary of Jacobs Engineering Group, has signed an option agreement with Suzhou Han’s Chemical Engineering Co, in China in which Jacobs has the opportunity to acquire Suzhou upon the satisfaction of certain conditions.

Suzhou has two specialty Class A design licenses in China’s Chemical, Petrochemical and Pharmaceutical (CPP) industry, which allow the firm to provide engineering design, procurement and project management services for all chemical and petrochemical projects in China. Jacobs’ Shanghai operation currently has an industry Class B design license for the CPP industry in China, and has successfully executed a substantial number of EPCM projects for global clients investing in China.

“The opportunity to acquire Suzhou represents a significant milestone for Jacobs’ growth strategy in China and, if the acquisition is successfully completed, it would further develop our service offerings to clients, strengthen our ability to compete for projects, and provide more opportunities for our employees,” said Tom Quinn,  Vice President, Jacobs Group.

 

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