Jacobs has agreed to purchase the remaining shares of PA Consulting that it doesn’t already own—most of which are held by current and former PA employees—for approximately £1.216 billion (about $1.6 billion), bringing its ownership to 100 % and valuing PA at roughly £3.05 billion in total. The deal will be paid mainly in cash with a portion in Jacobs’ stock and includes an additional deferred payment of up to £75 million, likely in shares, a couple of years after closing, which is expected by the end of Jacobs’ fiscal Q2 of 2026. Jacobs says this full acquisition will strengthen its combined consulting and engineering offerings, broaden its presence in high-growth areas like advanced manufacturing, life sciences, energy and AI-driven transformation, and enable better integrated services across the full asset lifecycle. The move is also projected to be accretive to Jacobs’ adjusted earnings per share within the first year after closing, unlock synergies, and enhance overall profitability and market reach.