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Wednesday, October 21, 2020
Real Estate WorleyParsons buying unit of Texas-based Jacobs Engineering

WorleyParsons buying unit of Texas-based Jacobs Engineering

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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.

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