Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

July 19, 2005 07:45 ET

Jacobs Receives Diesel S.p.A. Contract

PASADENA, Calif.--(CCNMatthews - Jul 19, 2005) -

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that a subsidiary company has signed an engineering contract with Diesel, the world-renowned fashion company. The project is related to the design and construction of the company's new headquarters in Breganze (Vicenza, Italy).

Officials did not disclose the investment value or the contract value.

The idea is to create a "Diesel Village," an area of approximately 90,000 square meters that will house the main offices, showrooms, an auditorium, fitness and sports facilities, an internal restaurant and cafeteria, bars, a warehouse, and underground and external parking for visitors.

So far, Jacobs has developed the preliminary studies (geotechnical and environmental surveys, a logistics study, and space planning), and is currently working with Italian architect Pierpaolo Ricatti and Diesel's in-house team of architects to perform preliminary design; design for authorities; detailed design of structural, mechanical, and electrical systems; procurement assistance; safety coordination during the design and construction phases; project and construction management; commissioning; and testing supervision.

In making the announcement, Jacobs Group Vice President Andy Kremer stated, "We are pleased and proud to continue our partnership with Diesel S.p.A on this major investment and we are delighted to support and work with their technical staff at their new headquarters."

Jacobs, with over 35,000 employees and revenues exceeding $5.0 billion, provides technical, professional, and construction services globally.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management's best judgement as to what may occur in the future. However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements" included in Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the Company's 2004 Annual Report on Form 10-K.

Contact Information

  • Jacobs Engineering Group Inc.
    Rod Sharp, 626-578-6992