M&A Deal Summary

Jacobs Acquires Aker Solutions - Process and Construction Business

On December 21, 2010, Jacobs acquired engineering company Aker Solutions - Process and Construction Business from Aker Solutions for 675M USD

Acquisition Highlights
  • This is Jacobs’ 7th transaction in the Engineering sector.
  • This is Jacobs’ 4th largest (disclosed) transaction.
  • This is Jacobs’ 1st transaction in Norway.

M&A Deal Summary

Date 2010-12-21
Target Aker Solutions - Process and Construction Business
Sector Engineering
Buyer(s) Jacobs
Sellers(s) Aker Solutions
Deal Type Divestiture
Deal Value 675M USD

Target

Aker Solutions - Process and Construction Business

Norway
Aker Solutions's Process and Construction Business is a provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' P&C business area serves several industries, including onshore oil and gas, refining & chemicals, mining & metals and energy & environmental.

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Buyer(S) 1

Buyer

Jacobs

Dallas, Texas, United States

website


Category Company
Founded 1947
Sector Engineering
Employees56,700
Revenue 14.9B USD (2022)
DESCRIPTION
Jacobs' corporate headquarters in Pasadena, California.
Jacobs' corporate headquarters in Pasadena, California.

Jacobs is a provider of professional technical and engineering services. Jacobs offers a full-spectrum of support to industrial, commercial, and government clients across multiple markets. Services include scientific and specialty consulting as well as all aspects of engineering and construction, operations and maintenance. Jacobs was formed in 1947 and is based in Dallas, Texas.


DEAL STATS #
Overall 13 of 32
Sector (Engineering) 7 of 13
Type (Divestiture) 2 of 5
Country (Norway) 1 of 1
Year (2010) 4 of 4
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-17 Magellan Consulting

Conroe, Texas, United States

Magellan Consulting, Inc. is a provider of facility assessment and planning services for large and small clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-31 Consulting Engineering Services India Pvt.

New Delhi, India

Consulting Engineering Services India Pvt. Ltd. is a provider of power, infrastructure and civil engineering. CES provides a range of solutions in infrastructure development, planning, engineering and construction management.

Buy -

Seller(S) 1

SELLER

Aker Solutions

Fornebu, Norway

website


Category Company
Founded 1841
Sector Energy Services and Equipment
Employees15,803
Revenue 41.2B NOK (2022)
DESCRIPTION
Aker Solutions office in Houston, Texas.
Aker Solutions office in Houston, Texas.

Aker Solutions is a Norwegian oilfield services company. Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry. Aker Solutions was incorporated in 1841 and is based in Fornebu, Norway.


DEAL STATS #
Overall 2 of 3
Sector (Engineering) 1 of 1
Type (Divestiture) 2 of 3
Country (Norway) 2 of 3
Year (2010) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 Aker Wirth

Erkelenz, Germany

Aker Wirth GmbH is a manufacturer and sells drilling equipment and machinery internationally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 X3M International

United Arab Emirates

X3M is an international niche provider of down-hole intervention service tools and technology products. Its core products are innovative down-hole tools like plugs, packers, hangers, valves and a complete range of setting and recovery tools.

Buy $8M