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Jacobs (JEC) Boosts Inorganic Growth on Aquenta Buyout
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Renowned construction company, Jacobs Engineering Group Inc. 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:
CalAtlantic Group, Inc. presently carries a Zacks Rank #2 and has a positive earnings surprise of 14.79%.
AECOM (ACM - Free Report) also carries a Zacks Rank #2 and has a positive earnings surprise of 8.56%.
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Jacobs (JEC) Boosts Inorganic Growth on Aquenta Buyout
Renowned construction company, Jacobs Engineering Group Inc. 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 - Free Report) 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. presently carries a Zacks Rank #2 and has a positive earnings surprise of 14.79%.
AECOM (ACM - Free Report) also carries a Zacks Rank #2 and has a positive earnings surprise of 8.56%.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>