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JACOBS SIGNS LETTER OF INTENT TO ACQUIRE THE SIGEL GROUP

 PASADENA, Calif., April 28 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today the signing of a letter of intent to acquire The Sigel Group, located near Philadelphia.
 Sigel is recognized as a world leader in providing engineering and design services associated with formulation, fill and finishing capital projects in the pharmaceutical and biotechnology industries. Coupled with Jacobs' extensive full-service capability, the combined organization will be a leading provider of project services to the pharmaceutical and biotechnology industries, worldwide.
 According to Noel G. Watson, president and chief executive officer of Jacobs, "This acquisition will have significant strategic importance to Jacobs in that it adds valuable technical resources and specialized experience to our growing international operations in the pharmaceutical, biotechnology and microelectronics industries."
 Both organizations, Jacobs and Sigel, operate extensively in the United States and European markets. Jacobs has been focused historically on the primary and intermediate sectors of the pharmaceutical industry and, more recently since the acquisition of Triad Technologies, the biotechnology sector.
 "Our combined professional staff dedicated to this line of business numbering 1,000 strong, will provide full-spectrum consulting, engineering, design, procurement, validation and construction management services to our valued clients, both existing and prospective," Watson added.
 Terms of the transaction between Jacobs and Sigel were not disclosed.
 Jacobs Engineering Group, headquartered in Pasadena, provides single-source consulting, engineering, design, architectural, environmental and hazardous waste management, procurement, construction, construction management, contract maintenance and operations services to government and industry worldwide. Jacobs has 22 offices located throughout the United States, United Kingdom and Ireland.
 -0- 4/28/93
 /CONTACT: Phil Stassi of Jacobs Engineering, 818-578-6902/
 (JEC)


CO: Jacobs Engineering Group Inc.; The Sigel Group ST: California, Pennsylvania IN: CST ENV SU: TNM

BP-JL -- LA020 -- 1761 04/28/93 08:02 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
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