WorleyParsons today announced it has paid the consideration to complete the US$3.2 billion (A$4.55 billion) acquisition of Jacobs ECR and the acquisition was completed on Friday 26 April 2019 New York time.
Following the announcement in October 2018 of WorleyParsons’ binding offer for Jacobs’ Energy, Chemicals and Resources (ECR) line of business, the combined new entity has come together under a new brand – Worley – as of 29 April 2019.
While financially an acquisition, operationally the transaction is a combination of two highly complementary organisations that creates a pre-eminent global provider of professional project and asset services in energy, chemicals and resources, offering global sector leadership across hydrocarbons, chemicals, and minerals and metals.
Background note from the Consultation on South Africa hosting an Affiliate Centre of the World Economic Forum (WEF) 's Centre for the 4th Industrial Revolution held earlier today at the CSIR International Convention Centre. The key highlights are summarised below.
Making the Fourth Industrial Revolution work for Women
The Department of Science and Technology (DST) calls for nominations for the 2019 South African Women in Science Awards (SAWiSA). The awards recognise and reward excellence by women scientists and researchers, and profile them as role models for younger women. The awards will be made to women who are South African citizens or permanent residents.
