WorleyParsons adopts new brand Worley, following Jacobs ECR acquisition

LONDON -- WorleyParsons has announced it is adopting a new brand, Worley, following the successful completion of the $3.17 billion (A$4.5 billion) acquisition of Jacobs Energy, Chemicals and Resources division (Jacobs ECR).
 
The new merged business is a pre-eminent global provider of professional project and asset services in energy, chemicals and resources, employing 57,600 people across 51 countries worldwide.
 
Karen Sobel, group president Major Projects and Integrated Solutions said, “From today, our shared expertise will enable us to deliver end-to-end chemicals, mining and energy projects, including complete offshore delivery solutions in the Gulf of Mexico.
 
“We now have an incredibly strong team across the U.S. and Canada, encapsulating some of the best minds in the industry. The combination of our expertise and knowledge means we can offer our customers more value than ever before.”
 
Commenting on the news, CEO Andrew Wood said, “This acquisition is about more than capacity and capability. It’s about opportunity. The opportunity to become the partner of choice for our customers, the employer of choice for our people and to deliver enhanced returns for our shareholders.
 
“Our new brand reflects our place at the forefront of the energy, chemicals and resources markets and our ability to support our customers through the global energy transition. We plan to embrace the heritage of both WorleyParsons and Jacobs ECR while looking firmly ahead to, what promises to be, an exciting future as one entity.”
 
The acquisition also marks an expansion in other strategic markets including Europe, Canada, the Middle East and India. The company will have greater global reach, with leading market positions in the energy, chemical and resources sectorz.