Contractor Jacobs to merge govt consulting units with rival Amentum

Jacobs Solutions

21/11/2023 03:56

Nov 20 (Reuters) - Engineering consultant Jacobs
Solutions Inc  J.N  said on Monday it will spin off and merge
its government consulting businesses with rival contractor
Amentum and expected to receive $1 billion at the closing of the
deal.
    Jacobs said it expected to own up to 63% of the new combined
company.

 (Reporting by Akanksha Khushi in Bengaluru; Editing by Rashmi
Aich)
 ((Akanksha.Khushi@thomsonreuters.com;))