African Petrochemicals- 16.1 2019

WORLEYPARSONS COMPLETES ACQUISITION OF
JACOBS ECR DIVISION
On 22 October 2018, WorleyParsons Limited (“WorleyParsons”) (“Company”) entered
into a binding agreement to acquire Jacobs Engineering Group Inc.’s (“Jacobs”) Energy,
Chemicals and Resources division (“Jacobs ECR”).
WorleyParsons today announced it had paid the consideration to
complete the US$3.2 billion (A$4.55 billion) acquisition of Jacobs
ECR and the acquisition was completed on Friday 26 April 2019 New
York time.
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.
WorleyParsons’ CEO Andrew Wood said: “This merger 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.”
The operating structure announced in February of four business
units, Advisian, Energy and Chemical Services, Mining, Minerals
& Metals Services and Major Projects and Integrated Solutions, is
effective from completion. The transition process for combining
the businesses into a cohesive, merged new company is underway
following a period of extensive planning.
Cost synergies of approximately A$130m at a cost of A$160m are
anticipated to be delivered within two years. Further benefits will be
achieved from optimization and revenue synergies.
WorleyParsons has adopted ‘Worley’ as its new brand. The Company
name will be changed to Worley Limited, subject to the approval of
members at the AGM in October 2019.
The annual Investor Day will be hosted on 5 June 2019 where we
will provide a more detailed update on the new company.
About WorleyParsons:
WorleyParsons delivers projects, provides expertise in engineering,
procurement and construction and offers a wide range of consulting
and advisory services. We cover the full lifecycle, from creating
new assets to sustaining and enhancing operating assets, in the
power, hydrocarbons, mineral, metals, chemicals and infrastructure
sectors. Our resources and energy are focused on responding to and
meeting the needs of our customers over the long term and thereby
creating value for our shareholders. WorleyParsons is listed on the
Australian Securities Exchange [ASX:WOR].
For more information, contact:
Mark Trueman, Director Planning & Investor Relations
Tel: +61 2 8456 7256
Email: investor.relations@worleyparsons.com
or Mark Gell
Tel: +61 419 440 533
Email: mgell@reputationedge.com.au.
THE PETROCHEMICAL ROADSHOWS
The African Petrochemical Roadshow offers a diagonal slice of the
industry, showcasing and highlighting multiple products, services
and expertise available to the Petrochemical Industry, General
Engineering, Mining and Power Generation sectors.
• Secunda Petrochemicals IPP & Renewables Roadshow
• Sasolburg Petrochemicals IPP & Renewables Roadshow
• Durban Petrochemicals IPP & Renewables Roadshow
• The Mossel Bay Petrochemical Roadshow
Each stand per roadshow includes:
• LOGO ON OUR DIGITAL TICKET,
DISTRIBUTED ON OUR NEWSLETTERS
(Listed as an exhibitor). Added on
our Roadshow page, signature and
all our social media platforms (The
digital ticket is shared daily on our
social media pages)
• 2 x EDITORIALS (Published on the
African Petrochemicals website and
also shared on all our social media
platforms)
• 3x2 EXHIBITION STAND
• 2 TABLES
• CHAIRS
• 2 TABLECLOTHS
VISITOR ENTRY IS
FREE OF CHARGE
• SINGLE PHASE POWER OUTLET
• A COMPREHENSIVE DATABASE of all
the visitors that attend the respective
show
• SOCIAL MEDIA EXPOSURE
• AFTER EVENT EXPOSURE- The
pictures will be published in the
African Petrochemicals publication
The Engineering, Procurement &
Construction (EPC) Roadshow
The show is an ideal business to business networking
opportunity.
• Specifically hosted for the Engineering Procurement
Construction and the Engineering Consultants in and
around JHB. Project Houses supply turnkey solutions
for a successful construction & procurement processes.
• The EPC Roadshow offers unique networking
opportunities between suppliers, EPC & Engineering
Consultants, keeping you as a supplier informed and
updated with current and upcoming projects.
• The show is practical and cost effective
Visit our website for the
Roadshow dates and venue’s
www.africanpetrochemicals.co.za
Join us on social media
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