PASADENA, Calif., May 31, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has acquired a majority ownership of Consulting Engineering Services (India) Private Limited (CES). Founded in 1969, CES is a leading power, infrastructure, and civil engineering company in India, headquartered in Delhi. It employs more than 2,000 people and provides a range of solutions in infrastructure development, planning, engineering, and construction management. The combination of Jacobs and CES nearly doubles Jacobs' existing resources and capabilities in India to more than 4,500 employees and expands its presence in other regions in Asia and the Middle East.
Jacobs President and Chief Executive Officer Craig Martin said, "This combination makes us one of the largest consulting, engineering and construction forces in India. This transaction fortifies our resources to address the strong, emerging infrastructure market in India and other regions in Asia and the Middle East."
Chairman and Managing Director of CES Professor S.S. Chakraborty stated, "CES and Jacobs have collaborated for years. Our existing relationship, along with strong synergies in our companies, provides a solid foundation on which to build and move forward as one company."
Jacobs established a presence in India in 1993 with the purchase of Humphreys and Glasgow, which had been operating in India since 1962.
Jacobs is one of the world's largest and most diverse providers of technical, professional and construction services.
Cautionary Statement Regarding Forward-Looking Statements
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
For additional information contact:
John W. Prosser, Jr.
Executive Vice President, Finance and Administration
626.578.6803
(Logo: http://photos.prnewswire.com/prnh/20090109/JACOBSEGLOGO)
SOURCE Jacobs Engineering Group Inc.
