Jacobs Matasis Acquires Ilitha Companies in South Africa
PASADENA, Calif. -- October 1, 2013
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that its South
African joint venture, Jacobs Matasis (Proprietary) Limited, has acquired the
business and assets of Ilitha Projects and Ilitha Staffing, two South African
professional services companies operating out of the city of Cape Town, SA.
Jacobs has worked in a formal alliance with Ilitha Projects and Ilitha
Staffing since August 2011, successfully completing a number of projects
Ilitha Projectsprovides project management and EPCM services to clients in a
broad range of market sectors, including oil and gas, refining, chemicals,
power, nuclear, marine mining and metals. Ilitha Staffingsupplies technical
contract staff sourcing and management serviceswith a strong emphasis on
integration with the client’s culture and business practices.
The acquisition adds an engineering office in Cape Town and 161 professional
services staff to Jacobs Matasis, bringing its personnel count to over 300.
Upon making the announcement, Jacobs Group Vice President Bob Irvin stated,
“The expanded resource base we gain through Ilitha allows us to enhance our
service offerings for customers and provide more opportunities for employees.”
Jacobs Matasis Chairman Dr. E.M. Dipico added, “The acquisition strengthens
our ability to compete with other major engineering and construction firms
operating in Southern Africa; with the goal of achieving growth in the
Sub-Saharan African market.”
Ilitha CEO Dave Welbourne commented, “From the outset we have been highly
impressed by the integrity and values of the Jacobs organization. Ilitha is
fully aligned with these values and with the sustainable Jacobs relationship
based business model, which we expect to smooth our integration into the
Jacobs Matasis operation.”
Jacobs Matasis, a Jacobs joint venture with Matasis Investment Holdings
(Proprietary) Limited, is aligned with South Africa’s economic transformation
imperatives and has achieved Level 3 Status in terms of the country’s
Broad-Based Black Economic Empowerment legislation.
Jacobs is one of the world's largest and most diverse providers of technical,
professional, and construction services.
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;
including any operational, cultural or financial difficulties resulting from
the transaction.For a description of some of the other factors which may
occur that could cause actual results to differ from our forward-looking
statements please refer to our 2012 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.
Jacobs Engineering Group Inc.
John W. Prosser, Jr.
Executive Vice President, Finance and Administration
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