Offshore staff
DALLAS– Jacobs Engineering Group Inc. has entered into a definitive agreement to sell its Energy, Chemicals and Resources (ECR) segment to WorleyParsons Ltd. for $3.3 billion.
The transaction value consists of $2.6 billion in cash and $700 million in WorleyParsons ordinary shares.
The Jacobs board of directors and the WorleyParsons board of directors each have approved the transaction. It is expected to close in the first half of calendar 2019, subject to customary closing conditions and regulatory approvals.
As of September, ECR has more than 30,900 employees in 27 countries.
10/24/2018
