Jacobs Appointed as Strategic Technical Partner by Northumbrian Water Group

Rhea-AI Summary

Jacobs (NYSE:J) has been appointed as a strategic technical partner by Northumbrian Water Group (NWG) to enhance its water asset investment programs in the UK. This eight-year framework aims to co-create capital delivery processes to provide better customer value while ensuring sustainability. NWG serves nearly 4.4 million people and seeks to evolve its operations to meet long-term sustainability goals, including carbon reduction. Jacobs will deliver comprehensive technical and strategic support to tackle increasing water issues and risk management, ultimately striving for improved service and asset resilience.

Positive

• Jacobs appointed by NWG as a strategic partner to enhance investment programs.
• The eight-year framework aims for sustainable asset management and resilience.
• Jacobs will support NWG in delivering best customer value and risk management.

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• None.

Framework to help reshape delivery of future asset investment programs

Supports efforts to deliver a healthy, resilient and sustainable water asset base

DALLAS, Feb. 27, 2023 /PRNewswire/ -- Jacobs (NYSE:J) was selected by Northumbrian Water Group (NWG) as a strategic technical partner to support delivery of the water company's future asset investment programs across its Northumbrian Water and Essex & Suffolk Water regions in the U.K.

Providing water and sewage services to nearly 4.4 million people, NWG will be working with new strategic and commercial partners to explore how improvements can be made to the management of infrastructure, co-creating new-look capital delivery processes and plans. Through an eight-year framework, Jacobs will provide end-to-end technical and strategic planning support to NWG's portfolio to help deliver best customer value, manage risk and meet affordability requirements.

"As water issues intensify, so does the need for long-term integrated, smarter water management decisions across the complete asset life cycle," said Jacobs People & Places Solutions Senior Vice President Europe Kate Kenny. "We'll be working with Northumbrian Water Group to challenge current approaches and explore alternative ways to help them maintain a sustainable and resilient business, provide best service to customers, and realize long-term goals around zero carbon and nature-based solutions."

"We want to really challenge ourselves as we look to the future of our capital plan and processes, recognizing the need to evolve how we do business to deliver the best possible value for our customers in these challenging times," said Northumbrian Water Group Assets Director Monisha Gower. "We also see a huge opportunity for greater sustainability and reduced carbon in our asset base by looking at our business through a TOTEX lens."

"While we have already made steps towards these goals, the appointment of our strategic and commercial partners brings expertise and experience to the table, and will really help shape the future of our asset management, investment planning and delivery.

 "We look forward to working with them to co-create this exciting future."

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $15 billion in annual revenue and a talent force of more than 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, geopolitical events and conflicts, and the impact of the COVID-19 pandemic, including the related reaction of governments on global and regional market conditions, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, and  Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:
Kerrie Sparks
214.583.8433

 

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SOURCE Jacobs

FAQ

What is the recent partnership between Jacobs and Northumbrian Water Group?

Jacobs has been appointed as a strategic technical partner by Northumbrian Water Group to enhance water asset investment programs across the UK.

How long is the framework agreement between Jacobs and NWG?

The framework agreement between Jacobs and Northumbrian Water Group is for eight years.

What are the objectives of Jacobs in its partnership with NWG?

Jacobs aims to provide technical and strategic planning support to improve customer value, manage risks, and promote sustainability in water asset management.

How many people does Northumbrian Water Group serve?

Northumbrian Water Group provides water and sewage services to nearly 4.4 million people.

What stock symbol is Jacobs traded under?

Jacobs is traded under the stock symbol J on NYSE.