Move Fast, Break Nothing: Transforming Transport Without the Chaos
As transportation systems shift toward sustainability, the challenge isn’t just about innovation—it’s about ensuring a smooth transition without disruption. Unlike tech startups that thrive on rapid iteration, transportation networks require precision, long-term planning, and careful risk management. This article explores how data-driven strategies, smart risk mitigation and workforce transformation are shaping a new era of transport—one that’s bold, efficient and built to last.
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Jacobs Completes Equity for Debt Exchange
Jacobs announced that it has successfully exited its equity stake in Amentum Holdings, Inc. ("Amentum") by exchanging 19,464,174 shares of common stock of Amentum held by its wholly-owned subsidiary, Jacobs Engineering Group Inc. ("JEG"), for approximately £240 million aggregate principal amount of JEG term loans. The Amentum common stock was sold by BofA Securities, Inc., as selling shareholder, to investors in a registered public offering that closed on March 13, 2025. After giving effect to the transaction and the retirement of the exchanged JEG term loans, Jacobs' aggregate outstanding borrowings decreased by approximately £240 million, or the equivalent of approximately $312 million.
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