- Jacobs Engineering (JEC -0.1%) entered a share purchase agreement to transfer operations within its Jacobs France subsidiary to NOX SARL in France for an undisclosed sum.
- Jacobs President and CEO Steve Demetriou stated, “We carefully reviewed our strategy for our Jacobs France subsidiary, and a sale to NOX evolved as the preferred solution for all parties. The business in France fits well with NOX and supports the company’s ambitions for continued growth amongst its core market segments.For Jacobs, this represents our continued efforts to streamline our overall operational efficiency in regions that fit within our target markets and geographies.”
- Press Release