In May, Jacobs first announced the intent to separate its CMS business to create two separate companies, each positioned for greater success. 20, 2023 /PRNewswire/ - Jacobs (NYSE: J) announced today it has entered into a definitive agreement to spin-off and combine its Critical Mission Solutions and Cyber & Intelligence government services businesses with Amentum, a leading global engineering and technology solutions provider, to create a new, publicly-traded player in the government services sector. Tax efficient transaction expected to drive significant value for Jacobs' shareholders, including through an estimated $50-70 million of net cost synergiesĬombined company will create new and enhanced opportunities for employees of both businessesĪdvances strategic transformation of Jacobs into a more streamlined, focused and higher margin portfolio, aligned to critical infrastructure and sustainabilityĭALLAS, Nov.

Jacobs to receive $1 billion cash dividend at closing, plus additional value after closing, through disposition of a retained stake in the combined company Jacobs and Jacobs' shareholders to own up to 63% of the new combined company

Combination creates a scaled, pure play government technology solutions company positioned to address many of the world's most complex and critical challenges

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