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| Jacobs to acquire Aker Solutions' Process and Construction business Jacobs Engineering Group Inc. announced that it has reached a definitive agreement with Aker Solutions ASA (Aker) to purchase a number of Aker's operations within its Process and Construction (P&C) business area. The cash purchase price is estimated to be $675 million, adjusted for cash and debt acquired. The transaction is subject to various regulatory approvals and closing conditions, and it is expected to close in the second quarter of fiscal 2011. The transaction is expected to be modestly accretive to earnings in 2011. write your comments about the article :: © 2010 Construction News :: home page |