Jacobs Engineering to Buy CH2M Hill

Jacobs Engineering Group, which designs highways, bridges and airports, plans to buy CH2M Hill Cos Ltd in a $3.27 billion cash-and-stock deal. The deal would more than double Jacobs' revenue from its buildings and infrastructure business.

Jacobs expects annual revenues of $15.1 billion, which would put the company in contention with the largest engineering firm in the world, AECOM.

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