Jacobs looks to acquire Chinese firm Suzhou Han Chemical Engineering
Jacobs Engineering Group has signed an option agreement with China-based Suzhou Hans Chemical Engineering (SHCE) in which Jacobs has the opportunity to acquire SHCE upon the satisfaction of certain conditions, officials said on Monday.
SHCE has two specialty Class A design licenses in Chinas chemical, petrochemical and pharmaceutical industry, which allow the firm to provide engineering design, procurement and project management services for all chemical and petrochemical projects in China.
Jacobs Shanghai operation currently has an industry Class B design license for the CPP industry in China, and has successfully executed a substantial number of EPCM projects for global clients investing in China.
In addition to enhancing Jacobs capabilities by bringing the Class A licenses, if Jacobs were to acquire SHCE, it would also add an engineering office in Suzhou, Jiangsu Province, and bring Jacobs personnel count in China to over 600, the company said.
These combined resources would enable Jacobs to offer customers in China a complete spectrum of services for all types of chemical and petrochemical projects.
The opportunity to acquire SHCE represents a significant milestone for Jacobs growth strategy in China and, if the acquisition is successfully completed, it would further develop our service offerings to clients, strengthen our ability to compete for projects, and provide more opportunities for our employees," said Jacobs vice president Tom Quinn.
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