Jacobs Signs Agreement to Acquire L.E.S. Engineering Limited

PASADENA, Calif., Aug. 26 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has acquired L.E.S. Engineering Limited (LES), a 700-person national maintenance, construction and service works contractor headquartered in Grimsby, U.K., specializing in mechanical, instrumentation, and electrical installations for the process and utility industries. Grimsby is in the Humber Bank region of North East England, an industrial area where the Humber River meets the North Sea.

Terms of the deal were not disclosed.

Founded in 1962, LES is a multidiscipline firm handling projects from initial concept through manufacturing, installation, commissioning and maintenance. The firm specializes in project management; fabrication and pipe work services; instrumentation, electrical, machining and mechanical services; and resource planning services, all executed with their own employees.

In making the announcement, Jacobs President and Chief Executive Officer Craig Martin stated, "We are committed to growing our global field service business. A key element of this initiative is growing our small capital and maintenance business. While Jacobs has a strong North American direct hire presence in this business, we are less established in Europe. By combining our 300-person operation in Grimsby with LES, we are creating a 1,000-person operation providing our clients with more integrated service offerings, and a foundation from which we can grow in the U.K. market and the rest of Europe."

Jacobs, with over 55,000 employees and revenues exceeding $10.0 billion, provides technical, professional, and construction services globally.

Statements made in this press release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain, and you should not place undue reliance on such statements. We caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2007 Form 10-K, 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. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

For additional information contact:

John W. Prosser, Jr.

Executive Vice President, Finance and Administration

626.578.6803



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SOURCE Jacobs Engineering Group Inc.