Jacobs 'in talks' to buy CH2M

By Mike Hayes25 July 2017

US engineering firm Jacobs is said to be in talks to acquire its smaller rival CH2M. 

Jacobs parliament

UK’s Houses of Parliament in London

The Dallas-based company is keen to expand its UK presence, and CH2M has had involvement in London’s US$5.5 billion Thames Tideway Tunnel and the US$5.2 billion restoration of the UK capital’s Houses of Parliament.

Although neither firm has commented on the rumour, it is reported that the price for CH2M could be around US$1.5 billion – having been reduced due to the firm’s recent loss of its contract on London’s high-speed rail system, HS2.

Jacobs reported revenue of US$10.9 billion in 2016, and employees around 54,000 staff worldwide.

CH2M reported revenue in 2016, slightly down from the previous year, but is also facing liabilities on contracts, including a major toll road project in Texas.

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