Friday, June 4, 2010

Jacobs Engineering Buys IT Provider

Pasadena-based Jacobs Engineering Group announced today that it is in a definitive agreement to acquire information technology firm TechTeam Government Solutions, Inc.. The deal is worth $59.0M in cash. TechTeam Government Solutions is a subsidiary of TechTeam Global, and provides services to federal, state, and local government agencies. Jacobs said TechTeam Government Solutions (TTGSI) has 500 employees. Jacobs is a provider of tehnical, professionals, and construction services.

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