Sunday, January 16, 2022
54.6 F
Fort Worth

WorleyParsons buying unit of Texas-based Jacobs Engineering

🕐 0 min read

DALLAS (AP) — The Jacobs Engineering Group has announced plans to sell its energy, chemicals and resources unit to Australia-based WorleyParsons Limited for $3.3 billion.

Dallas-based Jacobs says the company will focus on its other lines of businesses, including aerospace, technology, environmental and nuclear, plus infrastructure and advanced facilities.

The boards of both companies have approved the agreement, which was announced Sunday. The deal, amid the growing energy industry, is expected to close in the first half of 2019.

Jacobs has more than 77,000 employees worldwide. WorleyParsons reports a workforce of nearly 23,000.

Related Articles

Our Digital Sponsors

Latest Articles

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.