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Jacobs Acquires Aquenta Consulting in Australia

Source: www.gulfoilandgas.com 1/29/2017, Location: Not categorized

Jacobs Engineering Group Inc. (JEC) has acquired Aquenta Consulting, a leading provider of integrated project services to public and private sector clients in Australia. Aquenta helps owners, operators and investors in infrastructure and property assets achieve their objectives at a strategic, portfolio, program and project level.

The 220-person business has been acquired from Amec Foster Wheeler, which has owned Aquenta, formerly known as Currie & Brown, since 2010.

For more than 60 years, Aquenta has been providing services on multi-billion dollar projects spanning multiple market segments. Projects have been carried out across Australia, New Zealand, the Middle East and Europe. The terms of the acquisition were not disclosed.

Aquenta brings leading edge skills in cost management, project planning and controls, project and risk management, contract, commercial and dispute services, along with asset and facilities management. This comprehensive suite of services significantly complements the existing capability which Jacobs provides its clients.

“The acquisition of Aquenta further strengthens our Asia Pacific Buildings and Infrastructure business, expands our global capability in integrated project services, and is in line with the strategic plan we announced late last year at our Investor Day,” said Jacobs Senior Vice President Buildings and Infrastructure Patrick Hill. “This is particularly important as we continue to build our reputation for the delivery of high value project management services across the growing Asia Pacific Buildings and Infrastructure market. The integration of Aquenta with Jacobs will serve to strengthen the value proposition we have been jointly providing to clients on more than 50 projects over the past ten years. We welcome the Aquenta team into Jacobs.”

“Joining Jacobs provides a tremendous business opportunity for our people and our clients through expanded services, capability, resources and geographic reach,” said Managing Director of Aquenta, Mike McCloskey. “Together, our complementary skills will help to build on the excellent track record of success that Jacobs has established in the delivery of multi-disciplinary services to clients across the globe.”

The joint Jacobs and Aquenta offering is highly relevant to the particularly buoyant Australian transport infrastructure market where ongoing work will continue for clients such as Transport for New South Wales and Public Transport Victoria. In addition, the high-end expertise will underpin further growth in integrated project services in other sectors and geographies with immediate opportunities for growth in New Zealand and the Middle East, supporting Jacobs’ projects on both client-side roles and the construction contractor community.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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