{"id":677696,"date":"2026-03-24T06:15:27","date_gmt":"2026-03-24T06:15:27","guid":{"rendered":"https:\/\/www.europesays.com\/us\/677696\/"},"modified":"2026-03-24T06:15:27","modified_gmt":"2026-03-24T06:15:27","slug":"dallas-jacobs-completes-1-6b-acquisition-of-remaining-stake-in-londons-pa-consulting-dallas-innovates","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/677696\/","title":{"rendered":"Dallas’ Jacobs Completes $1.6B Acquisition of\u00a0Remaining Stake in\u00a0London’s PA\u00a0Consulting \u00bb Dallas Innovates"},"content":{"rendered":"

Dallas-based engineering consulting giant Jacobs has completed its acquisition of London-based PA Consulting in a deal valued at $1.6 billion, as it aims to advance its long-term growth strategy.\u00a0<\/strong><\/p>\n

Since Jacobs took a 65% stake in PA Consulting for $2.5 billion in 2021, the London-based company has helped expand Jacobs\u2019 footprint and services in advisory, digital, data and technology-enabled solutions, reinforcing the company\u2019s work in infrastructure, advanced manufacturing, energy and life sciences. The combined business will serve clients in numerous sectors, including government and private organizations, supporting work from strategy and design through execution across major capital programs, digital innovation and operational change, Jacobs said.<\/p>\n

Jacobs Chair and Chief Executive Officer Bob Pragada said that full ownership of the firm would \u201cstrengthen our position as a comprehensive partner delivering integrated advisory and technology-enabled solutions at global scale.\u201d<\/p>\n

\u201cClients increasingly seek fewer interfaces and greater accountability as they navigate large, complex initiatives,\u201d Pragada added in a statement. \u201cBy bringing our strategy, digital innovation and major program delivery capabilities closer together, we can help clients move from insight to implementation with greater speed, capital efficiency and confidence. At the same time, expanding our high-value advisory and digital services enhances our growth trajectory and supports margin expansion\u2014advancing long-term value creation for our shareholders.\u201d<\/p>\n

More on the deal and partnership<\/p>\n

The deal received widespread support from PA employees and shareholders, the company said, with more than 97% of voting shareholders, representing over 99% of share value, casting favorable votes.<\/p>\n

\u201cIn fully uniting with Jacobs, we\u2019re extending PA\u2019s distinctive innovation and transformation capabilities and further strengthening our ability to help clients navigate complexity and unlock new possibilities,\u201d PA Consulting CEO Christian Norris said. \u201cWith this next chapter now underway, we\u2019ll build on our collective achievements and deliver even more meaningful impact as a single global team.\u201d<\/p>\n

On Friday, Jacobs completed the acquisition of all PA shares not previously owned for upfront consideration of approximately \u00a31.2 billion (around $1.6 billion). Jacobs completed the deal according to the terms announced on January 5,<\/a>\u00a0satisfying all required closing conditions. The upfront consideration, net of certain transaction expenses payable by the PA shareholders and after making payments with respect to certain PA shares which Jacobs acquired for 100% cash, was paid 80% in cash and 20% in Jacobs\u2019 shares. The transaction was funded through a combination of cash-on-hand and existing and incremental debt facilities.<\/p>\n

The deal includes deferred consideration of \u00a375 million (approximately $99.8 million), which is payable in Jacobs\u2019 shares as valued on the two-year anniversary following closing, cash, or a combination thereof, at Jacobs\u2019 election.<\/p>\n

Partnering on DFW Airport\u2019s digital transformation<\/p>\n

Currently, the two companies are partnering on a digital transformation of Dallas-Fort Worth International Airport, which Dallas Innovates told you about last October.<\/a> The project aims to help the\u00a0world\u2019s third busiest airport<\/a> meet rising global travel demands through smarter infrastructure\u2014and set a new standard for \u201cintelligent, intelligent, data-driven operations in North American aviation.\u201d<\/p>\n

Don\u2019t miss what\u2019s next. Subscribe\u00a0to\u00a0Dallas\u00a0Innovates.<\/p>\n

Track Dallas-Fort Worth\u2019s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.<\/p>\n

\u00a0<\/p>\n

\tR E A D\u00a0\u00a0 N E X T\t<\/p>\n