Jacobs Engineering Group Inc. announced Dec. 22 plans for a major acquisition that would expand the firm into new market areas such as mining and new geographies such as South America. Related Links: Jacobs Engineering website Aker Solutions website Jacobs said it has reached agreement to acquire some process and construction business units from Oslo, Norway-based engineer-contractor Aker Solutions ASA, for $675 million in cash. The deal is set to close in the second quarter of 2011. Jacobs says the acquisition would "significantly expand global presence in the mining and metals market; provide a new geographic region with South America;
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.