Jacobs Engineering Group Inc. announced that it has acquired KlingStubbins.
Officials did not disclose the terms of the agreement.
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 with a market focus and specialization in Corporate/Commercial, Government, Science and Technology, Higher Education, Mission Critical and Interiors.
KlingStubbins' specializations reinforce high growth markets for Jacobs, particularly Science and Technology (higher education, research and development and laboratory research and development) and Mission Critical (intelligence/cyber security and corporate data centers).
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.
Jacobs President and Chief Executive Officer Craig Martin said, "We are acquiring a solid business with a history of good performance. KlingStubbins' talented employees and strong client relationships align well with our relationship-based business model. This acquisition allows us to further diversify our services and drive greater growth in our business."
KlingStubbins' National Managing Principal Michael Lorenz said, "KlingStubbins is excited to be joining 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."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2010 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein. BD+C
Related Stories
| Jan 27, 2012
Smith Seckman Reid opens two new offices
Smith Seckman Reid, Inc. (SSR), an engineering design and facility consulting firm, has opened two new offices, one in Chicago, the other in Washington, D.C.
| Jan 27, 2012
BRB Architects designs new campus center for Molloy College
Intended to be the centerpiece of the College’s transformation from a commuter college to a 24-hour learning community, the “Public Square” will support student life with spaces such as a café, lounges, study rooms, student club space, a bookstore and an art gallery.
| Jan 27, 2012
Columbia University’s New Core Laboratory aims for LEED Silver
Construction manager Sordoni Construction Co. along with the design team of Payette Architects and Vanderweil Engineers will provide design and construction services to renovate the majority of the existing Core Lab building to create the new Lamont Center for Bio-Geochemistry.
| Jan 26, 2012
World of Concrete 2012: A tinge of optimism
Cement consumption is expected to increase significantly in 2013, the first time an increase has been predicted in the past five years.
| Jan 26, 2012
Three dead, 16 missing in Rio buildings collapse
The buildings, one 20 floors high, collapsed on Wednesday night in a cloud of dust and smoke just one block away from the city's historic Municipal Theater.
| Jan 26, 2012
Siemens launches smoke detection knowledge center
New knowledge center web site demonstrates efficacy of smoke detection.
| Jan 26, 2012
HOK partners with USGBC on design of Haiti children's center
Passive design principles give form to a sustainable, restorative environment for the children of Haiti.
| Jan 26, 2012
American Standard names Gould as president and CEO
Gould succeeds Don Devine, who led the successful turnaround of American Standard Brands.
| Jan 26, 2012
Summit Design+Build completes law office in Chicago
Applegate & Thorne-Thomsen's new office suite features private offices, open office area, conference rooms, reception area, exposed wood beams and columns, and exposed brick.
| Jan 24, 2012
New iPad app ready for prime time
Siemens’ versatile application connects users to APOGEE BAS control and monitoring functions via wireless network connectivity. The application directly interacts with BACnet/IP and Siemens APOGEE P2 field panels.
