Jacobs has now completed its acquisition of Wood Nuclear, part of John Wood Group, for an enterprise value of approximately £250 million.
The transaction enhances Jacobs’ credentials as a global leader of total lifecycle nuclear services and technology-enabled solutions, providing strategic support to clients’ mission-critical defense and clean energy priorities, nuclear clean-up and decommissioning, environmental restoration and operational support.
Integration of the two businesses will unite common cultures and qualities, underpinned by Jacobs’ values, to create an environment where all employees can thrive. Leveraging Jacobs’ industry leading integration approach, a joint Jacobs-Wood Nuclear Integration Management Office (IMO) has been formed and is working to oversee the integration process, building on the strong cultural foundations of both organizations to maximize the value of the new entity.
This combination brings more than 2,000 employees into Jacobs’ business, with plans to recruit 300 to 400 additional employees into these highly-skilled roles over the next year. It expands Jacobs’ U.K. employee base to nearly 11,000 and increases access to specialist talent – particularly in locations across Cheshire and Cumbria, U.K., as well as expanded reach into Europe, Japan, the Middle East, South Africa and the U.S.
Jacobs’ plans also include investment in the U.K.’s largest independent nuclear research, development and testing facilities at Birchwood Park, to provide capability such as remote handling, cyber, inspection technology and test rig facilities.
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