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New Deal


Announced

Jacobs to demerge its Critical Mission Solutions business.

Synopsis

Jacobs, a creator of global solutions infrastructure, cybersecurity to space exploration, is set to demerge its Critical Mission Solutions business, a provider of technical consulting, applied science research, training, intelligent asset management and program management services to federal government agencies. Financial terms were not disclosed. "Today's announcement is a significant milestone in our long record of taking bold actions to drive value creation. By separating CMS, we will streamline our business portfolio and transform Jacobs into a higher-growth, higher-margin company more closely aligned with key global mega trends and growth sectors. For the CMS business, the benefits from the separation are equally compelling. CMS has grown to be an industry leading government services provider with significant scale, differentiated services and deep client relationships. As an independent company, CMS will be better able to focus on its distinct strategy and operating needs, driving further momentum in its business. We believe the separation will create value for all stakeholders," Bob Pragada, Jacobs CEO.

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