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Jacobs Subsidiary Acquires Leigh Fisher Associates
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01/16/2005
PASADENA, Calif.--Jan. 20, 2004--Jacobs Engineering Group Inc. (NYSE:JEC) announced today that a subsidiary company has agreed to acquire Leigh Fisher Associates, a leading international airport consulting firm based near San Francisco, Calif.
In addition to enhancing Jacobs' capabilities in the airport and aviation sector, the acquisition provides synergies with the company's transport consultancy capabilities in road, rail, shipping, and airline operations.
Leigh Fisher Associates, established in 1946, provides physical planning, financial planning, and business advisory services to more than 200 airports in the United States and around the world from offices near San Francisco, Calif., and Washington, D.C.
In making the announcement, Executive Vice President Tom Hammond stated, "This strategic acquisition broadens the extensive range of services we provide to the airport and airline industries, which we expect will translate into increased value for both of our clients."
Leigh Fisher Associates Managing Principal Nicholas Davidson said, "Joining Jacobs provides a great opportunity for us to augment their strengths and accelerate their growth plans. Jacobs' commitment to client relationships and industry leadership makes this a great fit culturally, and access to the national and international resources of Jacobs provides an exciting force multiplier for us."
Jacobs, with over 35,000 employees and revenues approaching $5.0 billion, provides technical, professional, and construction services globally.
Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management's best judgement as to what may occur in the future. However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements" included in Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the Company's 2003 Annual Report on Form 10-K.
