Neste acquires Jacob Engineering's stake in Neste Jacobs Oy
Neste and Jacobs Engineering Group have agreed that Neste acquires the 40% shareholding of Jacobs in Neste Jacobs Oy. After this transaction, Neste holds all shares in Neste Jacobs.
"Neste Jacobs is the leading company specializing in process industry technology, engineering and project management services in the Nordic countries. Its global customers include oil, gas and petrochemical companies, in particular. Jacobs, one of the largest companies in the world in engineering, has been a minority shareholder for 14 yr and provided Neste Jacobs with expertise and an international scope," said Jyrki Mäki-Kala, CFO at Neste and Chair of the Board of Directors of Neste Jacobs.
The sale and purchase agreement has been signed and the parties have agreed that the purchase price will not be disclosed.
The largest customers of Neste Jacobs include e.g. Neste and Borealis. The company employs 1,300 experts in engineering, technology and project management who work on projects in many different countries.
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