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Jacobs Engineering Acquires Government IT Business From TechTeam Global

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Jacobs Engineering Group [JEC] last week acquired the government solutions subsidiary of TechTeam Global Inc. [TEAM], for $43 million in cash, boosting its capabilities and presence in the strategic consulting and information technology services market for federal customers. TechTeam Government Solutions Inc., which has 500 employees, serves a number of federal agencies, including the National Institutes of Health, Army, Corps of Engineers, and the Departments of Agriculture and Homeland Security. The business has consulting capabilities in organizational change management and…

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