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Business/Financial

Jacobs to Buy Wood Group Nuclear Business

Chris Schneidmiller

Wednesday, August 21st, 2019

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Jacobs to Buy Wood Group Nuclear Business

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Jacobs Engineering [JEC] on Tuesday said it would pay £250 million ($302 million) to acquire the nuclear branch of the Scotland-based John Wood Group. The deal is expected to be sealed in the first quarter of 2020, pending regulatory approval in the United Kingdom, according to the companies. “This acquisition brings deep technical expertise with unique engineering and scientific skills and a portfolio supporting major national programs in nuclear defense systems, new build and operations and decommissioning,” the Jacobs release…

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