UK CONSULTANT Gibb is to change hands for the second time in 12 years after its US parent, geotechnical and environmental services consultant Law, last month agreed to sell it to California-based Jacobs Engineering for an undisclosed sum.
Jacobs agreed to buy Gibb after being approached by Law.The deal will see the firm retrenching towards the US market after using Gibb to spearhead a global expansion drive.
Law merged with what was Sir Alexander Gibb & Partners in 1989 in the first of a series of moves which put British consulting firms under American control.
Jacobs is the fourth largest consultant in the US according to Engineering News Record.Outside the US it works mainly in the process engineering sector.
The firm started to move into the US infrastructure market in 1999 when it bought American based infrastructure consultant Sverdrup Corporation.The Gibb acquisition is its first attempt to move into overseas infrastructure work.