Finland: Transaction Neste Acquires Jacob Engineering's Stake in Neste Jacobs

Editor: Alexander Stark

Neste and Jacobs Engineering Group have agreed that Neste acquires the 40 % shareholding of Jacobs in Neste Jacobs Oy.

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Neste's headquarters in Porvoo, Finland
Neste's headquarters in Porvoo, Finland
(Source: Neste)

Porvoo/Finland — After this transaction, Neste holds all shares in Neste Jacobs. Jacobs, one of the largest companies in the world in engineering, has been a minority shareholder for 14 years.

The sale and purchase agreement has been signed and the parties have agreed that the purchase price will not be disclosed.

The largest customers of Neste Jacobs include e.g. Neste and Borealis. The company employs 1,300 experts in engineering, technology and project management who work on projects in many different countries.