Jacobs acquires majority ownership of India engineering consulting firm
Engineering firm Jacobs has acquired a majority ownership of India-based Consulting Engineering Services (CES). Founded in 1969, CES is a leading power, infrastructure, and civil engineering company in India, headquartered in Delhi.
CES employs more than 2,000 people and provides solutions in infrastructure development, planning, engineering, and construction management.
The combination of Jacobs and CES nearly doubles Jacobs' existing resources and capabilities in India to more than 4,500 employees and expands its presence in other regions in Asia and the Middle East, officials said.
Jacobs CEO Craig Martin said: "This combination makes us one of the largest consulting, engineering and construction forces in India. This transaction fortifies our resources to address the strong, emerging infrastructure market in India and other regions in Asia and the Middle East."
CES chairman S.S. Chakraborty said: "CES and Jacobs have collaborated for years. Our existing relationship, along with strong synergies in our companies, provides a solid foundation on which to build and move forward as one company."
Jacobs established a presence in India in 1993 with the purchase of Humphreys and Glasgow, which had been operating in India since 1962.
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