DALLAS, Oct. 28, 2019 /PRNewswire/ -- Jacobs (NYSE:JEC) has acquired a 50% share in Simetrica, a U.K.-based organization that specializes in social value measurement and wellbeing analysis. Under the new partnership, Simetrica will provide its cutting-edge expertise to increase existing capabilities and offerings in the areas of socio-economics, sustainability and environmental services.
In response to increasing client demand driven by the Public Services (Social Value) Act in the U.K., the Organization for Economic Co-operation and Development's (OECD) Inclusive Growth Initiative and the United Nations Sustainable Development Goals (SDGs), Jacobs and Simetrica are developing new best practices and solutions related to social value and wellbeing principles.
"In recent years, the importance of social value measurement has grown exponentially globally," said Jacobs Buildings and Infrastructure Europe, Middle East and Africa Senior Vice President and General Manager Donald Morrison. "Our partnership with Simetrica will enable us to help our clients understand how they can transform local, city and regional decision-making – identifying innovative, inclusive and ethical investments that will drive social change, spread prosperity and meet the growing challenges facing communities."
Using Simetrica's methods, techniques and tools, investment decisions in both the public and private sectors can be re-imagined and assessed in more comprehensive and rigorous ways to maximize the value that they generate for communities and society.
"This is an exciting time for Simetrica. Over the past decade we have made significant contributions to the methodology and uptake of social value analysis in the U.K. and globally," said Simetrica Director Daniel Fujiwara. "With Jacobs' investment and partnership, we can further our impact by employing our cutting-edge methods to a wider range of sectors and clients to drive change across priorities such as mobility, connectivity and placemaking, increasing their social impact and making them more sustainable."
Simetrica is the global leader in the field of social value measurement, business ethics and the application of wellbeing and quality of life analysis to policy and project assessment. Simetrica leads work in these fields for several OECD governments and has helped international organizations and the private and not-for-profit sectors assess and demonstrate their social impact and make better policy and investment decisions.
Jacobs leads the global professional services sector providing solutions for a more connected, sustainable world. With approximately $12 billion in revenue and a talent force of more than 50,000, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter, Facebook and Instagram.
Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements see our Annual Report on Form 10-K for the year ended September 28, 2018, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, and our Quarterly Report on Form 10-Q for the quarter ended March 29, 2019, and in particular the discussions contained under Part I, Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 - Legal Proceedings; and Part II, Item 1A - Risk Factors, as well as the Company's other filings with the Securities and Exchange Commission. The Company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
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