Jacobs to acquire interest in Guimar Engenharia

It was recently announced that Jacobs, a global provider of technical, professional and constructions services, will acquire an interest in Guimar Engenharia, a privately held engineering and project management company based in Rio de Janeiro, Brazil.
 
The terms of the deal have yet to be disclosed, but it has been noted that the acquisition is a staged investment and that each stage will be subject to certain closing conditions.
This will be Jacobs’ first major investment in Brazil and will enhance its ability to serve key clients investing in the country, thus expanding its South American operations. This is because Guimar has a very diverse client base as it is a leading provider of engineering and project management services for a wide range of industries including pulp & paper, petroleum, chemicals and mining & minerals just to name a few.
 
“We are delighted at the prospect of bringing Guimar into Jacobs,” announced Gary Mandel, Jacobs’ executive vice president. “Their business approach is aligned with ours; they have a proven and solid reputation, and great client relationships in their marketplace. With over 1,100 engineering and skilled resources, they would enable us to further enhance and build our business, both globally and locally.”
 
Likewise, Guimar’s CEO Herodoto Monte has commented, “We are very enthusiastic about joining Jacobs. This event represents an important step for Guimar, as we open up new avenues for the diversification and growth of our business.”
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