Jacobs buys Wood’s nuclear arm for £250m

By Will Ing2019-08-20T14:02:00

Cash purchase will help Wood reduce its debt pile

Texan engineering giant Jacobs is buying its way into more UK work as it has agreed to purchase Wood’s nuclear arm for £250m.

The firm currently has one eighth of its 80,000 staff in the UK, after buying rival CH2M for $3.3bn in 2017.

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