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Jacobs (JEC) Boosts Inorganic Growth on Aquenta Buyout

Renowned construction company, Jacobs Engineering Group Inc.JEC recently acquired Aquenta Consulting for an undisclosed amount. The move is in sync with the company's existing business plan and would likely reinforce its Asia Pacific Buildings and Infrastructure business, moving ahead.

Over the last one month, Jacobs' shares recorded a return of 5.81% - outperforming 5.72% return provided by the Zacks categorized Engineering/R&D Services industry.

Inside the Headlines

Aquenta Consulting is a leading provider of integrated project services to both private and public sector Australian clients. The company assists infrastructure & property operators, owners and investors, to attain their objectives at a planned program, portfolio and project level.

Prior to the above mentioned buyout, Aquenta Consulting was owned by Amec Foster Wheeler, previously known as Currie & Brown since 2010.

Aquenta Consulting has been offering premium services on multi-billion dollar projects across different market segments for quite a long time. These projects have been accomplished across different geographies such as Europe, New Zealand, Australia and the Middle East.

Jacobs believes that strategic acquisition of Aquenta Consulting would complement its existing service expertise in the domains of project planning and controls, risk management, cost management, and commercial & dispute services.

After acquiring Aquenta Consulting, this Zacks Rank #2 (Buy) company foresees securing new projects in the highly buoyant Australian transport infrastructure industry, from clients such as Public Transport Victoria and Transport for New South Wales.

Key Picks

Some other well-ranked stocks within the industry include:

Argan, Inc. AGX has a positive earnings surprise of 25.06% and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

CalAtlantic Group, Inc. CAA presently carries a Zacks Rank #2 and has a positive earnings surprise of 14.79%.

AECOM ACM also carries a Zacks Rank #2 and has a positive earnings surprise of 8.56%.

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Jacobs Engineering Group Inc. (JEC): Free Stock Analysis Report

Argan, Inc. (AGX): Free Stock Analysis Report

AECOM (ACM): Free Stock Analysis Report

CalAtlantic Group, Inc. (CAA): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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