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Jacobs Strengthens Presence in India Through a Strategic Alliance With Consulting Engineering Services (India) Private Limited

2008-08-07 11:54:00

Jacobs Strengthens Presence in India Through a Strategic Alliance With Consulting Engineering Services (India) Private Limited

    PASADENA, Calif., Aug. 7 /EMWNews/ -- Jacobs Engineering

Group Inc. (NYSE: JEC) and Consulting Engineering Services (India) Private

Limited (CES) announced today that a subsidiary of Jacobs purchased a

minority ownership position in CES.



    Terms of the deal were not disclosed.



    CES is a leading infrastructure and civil engineering company in India,

headquartered in Delhi. It employs more than 2,000 people engaged in

consulting, engineering, and construction supervision of projects in

surface transport, seaports, airports, water management systems,

environmental clean-up, buildings and facilities, and the power industry.



    In making the announcement, President and CEO Craig Martin stated, "Our

investment in CES adds to our 2,000-person-strong existing presence in

India, complements our process industry strength there, and gives us access

to resources to address the strong, emerging infrastructure market in India

and in other regions in Asia and the Middle East. CES has an impressive

track record of large-scale civil and infrastructure projects such as

highways, bridges, ports, airports, railroads, power plants, architectural

services, environmental clean-up, and water supply and sanitation

facilities. CES is able to benefit from our complementary skills and global

markets, and working with Jacobs creates the largest consulting engineering

and construction force in India."



    Chairman and Managing Director of CES Professor S.S. Chakraborty

stated, "CES sees strong synergies with Jacobs in providing planning,

engineering, and project management services for the rapidly growing

infrastructure and related sectors in India and abroad. We are proud to

have this strategic alliance, and look forward to rapid growth and enhanced

impact for both companies. The combined operations of CES and Jacobs make

for a formidable force in India and the surrounding region."



    Jacobs, with over 55,000 employees and revenues exceeding $10.0

billion, provides technical, professional, and construction services

globally.



    Any statements made in this release that are not based on historical

fact are forward-looking statements. Although such statements are based on

management's current estimates and expectations, and currently available

competitive, financial, and economic data, forward-looking statements are

inherently uncertain. We, therefore, caution the reader that there are a

variety of factors that could cause business conditions and results to

differ materially from what is contained in 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 2007 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 also caution the readers of this release that 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

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Blake Masterson

Freelance Writer, Journalist and Father of 5

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