PASADENA, Calif.--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) announced today it signed a three-year master engineering services agreement with TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada), a leading energy infrastructure company in North America.
The agreement enables Jacobs to provide project management, engineering, design, drafting, technical, field support and project close-out services for TransCanada’s pipelines and liquids facilities projects across Canada.
In making the announcement, Jacobs Senior Vice President Petroleum and Chemicals Manuel Junco stated, “With the continued growth of upstream and midstream companies in North America, this agreement marks a significant step for Jacobs in extending our capabilities to new energy infrastructure clients and increasing our market share and growth in this sector. In particular, we have considerable experience in Canada delivering innovative and cost saving ideas for our pipeline and midstream clients.
“We are excited to contribute significant value to TransCanada’s upcoming pipeline and pipeline facility projects. We look forward to establishing a mutually beneficial long-term relationship with TransCanada.”
Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs 50,000 people and operates in more than 30 countries around the world. For more information, visit www.jacobs.com.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2015 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.