left-caret
News

News

Paul Hastings advises Jacobs Engineering Group Inc. on the acquisition of Aker Solutions Process & Construction businesses

February 01, 2011

London, UK (February 1, 2011) -- Paul, Hastings, Janofsky & Walker (Europe) LLP has advised Jacobs Engineering Group Inc. on the acquisition of the process and construction business from Oslo-listed Aker Solutions ASA. The transaction, which closed today, was led by London corporate partner Ronan OSullivan.

A global Paul Hastings team led out of the London office assisted Jacobs in all elements of the transaction, including negotiation and closing of the transaction documents, tax, employment and benefit matters, due diligence and regulatory compliance. The purchase price was in excess of US$900 million, including cash and debt adjustments.

Ronan OSullivan commented:

We are pleased to have advised Jacobs on this significant acquisition which will enable it to broaden its service offerings and to expand its presence in the mining and metals market. It will also allow Jacobs to grow its business in Australia, China, Europe and North America and to move into new markets in South America.

With 2010 revenues of nearly $10 billion, Jacobs Engineering Group Inc. is one of the world's largest and most diverse providers of technical, professional and construction services. Its global network includes more than 160 offices in more than 20 countries.

Aker Solutions ASA, through its subsidiaries and affiliates, is a global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation.

The Paul Hastings team was led by corporate partner

in London, supported by associates and . The team included partners and in London, and in Los Angeles, in New York and and in Shanghai.

Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit

for more information.

Practice Areas


SIGN UP FOR NEWS INSIGHTS

MEDIA CONTACTS

Firmwide Inquiries
Arielle Lapiano
Submission Requests
Alan Wright
Corporate, Litigation, Real Estate, and Tax
Scott Wasserman
Intellectual Property, Life Sciences, and Employment
Becca Hatton
Europe
Rostrum