Dionysiou & Partners LLC has acted as Cyprus counsel to Jacobs Engineering Group Inc. (Jacobs) for the above transaction. Our company, in collaboration with instructing counsel Fried, Frank, Harris, Shriver & Jacobson (London) LLP has assisted in the successful closing of the Cyprus part of the transaction.
Jacobs Engineering Group Inc, headquartered in Dallas, USA, engages in the provision of diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients around the globe. Its services include project, process, scientific, and systems consulting, construction, and operations and maintenance services. The company was structured around three lines of business: Aerospace – Technology – Environmental & Nuclear (ATEN), Buildings – Infrastructure & Advanced Facilities (BIAF), and Energy, Chemicals and Resources (ECR).
Jacobs sold one of its business segments, specifically its ECR business unit to WorleyParsons, an Australian-based company for the amount of $3.3billion. The transaction involved circa 30 jurisdictions.