The UK’s largest nuclear services business with a huge base in the North West has been acquired by an American business Amentum that has floated on the New York Stock Exchange.
Amentum has merged with Jacobs Solutions Inc’s Critical Mission Solutions and Cyber and Intelligence businesses. The new business merger creates what the group describes as “a global leader in advanced engineering and innovative technology solutions, well positioned to address its customers’ most significant and complex challenges.”
US-owned Jacobs employs 2,750 staff at operations in Warrington, Manchester and Knutsford. The business is now known locally as Amentum.
Headquartered in Chantilly, Virginia, Amentum is a leading global engineering and technology services business serving the U.S. Government and its allied partners and employs more than 53,000 people in approximately 80 countries.
“The completion of this transformational combination creates a global leader that advances the future, with the trusted track record of superior performance, outstanding engineering expertise, and leading- edge technologies required to meet our customers’ most significant challenges,” said Amentum CEO John Heller.
“After a century of success delivering trusted solutions to our customers, Amentum enters the public markets well-positioned for long-term growth, with a healthy financial profile, strong balance sheet, and robust cash generation. This is a milestone day for our business, and our employees are excited about the future and to continue our success delivering value for all our stakeholders as a public Company,” he added.
Amentum is strategically positioned to serve a $320 billion total addressable market and will look to accelerate its growth in high-margin, technology-enabled segments.
