Jacobs has paid 拢1.2bn to completed the acquisition of the shares in PA Consulting that it did not already own.
Since Jacobs鈥� strategic investment in March 2021, PA Consulting had been 65% owned by Jacobs and 35% owned by its employees/management. 聽Now it is 100% Jacobs.
Jacobs chair and chief executive Bob Pragada said: 鈥淔ull ownership of PA Consulting enables us to strengthen our position as a comprehensive partner delivering integrated advisory and technology-enabled solutions at global scale.
鈥淐lients increasingly seek fewer interfaces and greater accountability as they navigate large, complex initiatives. By bringing our strategy, digital innovation and major program delivery capabilities closer together, we can help clients move from insight to implementation with greater speed, capital efficiency and confidence. At the same time, expanding our high-value advisory and digital services enhances our growth trajectory and supports margin expansion 鈥� advancing long-term value creation for our shareholders.鈥�
PA Consulting chief executive Christian Norris said: 鈥淚n fully uniting with Jacobs, we鈥檙e extending PA鈥檚 distinctive innovation and transformation capabilities and further strengthening our ability to help clients navigate complexity and unlock new possibilities. With this next chapter now underway, we鈥檒l build on our collective achievements and deliver even more meaningful impact as a single global team.鈥�