Jacobs Engineering Group Inc.
) recently acquired a privately held telecommunications solutions
provider, Compass Technology Services, Inc. The financial terms
of the deal were not disclosed.
Compass Technology provides network development and complete
life cycle solutions for various telecommunication companies, and
has been in the business for over a hundred years. Compass is
experienced in providing services such as financial
rationalization of network benefit, desktop design planning,
equipment selection and Fiber splicing.
This strategic move of purchasing Compass will enhance Jacobs'
efficiency in the telecommunications infrastructure design and
construction. Not only will Jacobs' product offerings increase,
but also the company will become geographically diverse, since
Compass has a significant presence in the Southeastern U.S.
Jacobs is flourishing with a lot of contracts under its name.
The company functions under a relationship-based model with
around 94% of the business achieved through repeat customers in
the fiscal second quarter 2013. With the acquisition of Compass,
it is expected that the contract count for the company will
California-based Jacobs is one of the leading providers of
professional, technical and construction services to industrial,
commercial and governmental clients. The company provides its
services through more than 200 offices and subsidiaries located
principally in North America, Europe, Asia, and Australia. Jacobs
has its headquarters in Pasadena, California, U.S., and the work
force consists of approximately 63,400 employees.
Jacobs currently bears a Zacks Rank #3 (Hold). Other stocks to
watch out for in the engineering industry are
Michael Baker Corporation
), carrying a Zacks Rank #1 (Strong Buy); while,
Harris & Harris Group, Inc.
Quanta Services, Inc.
) carry a Zacks Rank #2 (Buy), each.
BAKER (MICHAEL) (BKR): Free Stock Analysis
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