Jacobs Engineering completed the acquisition of 65% stake in PA Consulting for $2.5bn.

Jacobs Engineering, an American international technical professional services firm, completed the acquisition of 65% stake in PA Consulting, a management consultancy that specialises in strategy, technology and innovation, from The Carlyle Group for $2.5bn. "Their pipeline of strategic and technical consulting work continues to grow, and looking further into fiscal 2021 and beyond, the Jacobs-PA partnership presents a compelling organic growth opportunity driven by technology-enabled solutions in response to industry disruption and client needs," Bob Pragada, Jacobs President and Chief Operating Officer.