Jacobs Engineering Group Inc. has acquired an interest in Guimar Engenharia, a privately held Rio de Janeiro-based engineering services and project management/construction management (PMCM) company. Company officials would not disclose the terms, but noted the acquisition is a staged investment.

The acquisition represents Jacobs’ first significant investment in Brazil, enhancing its ability to serve clients investing in Brazil and expanding the company’s South American operational network.

Jacobs officials praised the deal. “We are delighted at the prospect of bringing Guimar into Jacobs; their business approach is aligned with ours,” said Jacobs Executive Vice President Gary Mandel. “They have a proven reputation and great client relationships in their marketplace.”

Guimar CEO Herodoto Monte was equally enthused. “This event represents an important step for Guimar,” he said, “as we open up new avenues for the diversification and growth of our business.”

Jacobs is one of the world’s largest, most diversified providers of technical, professional and construction services. Guimar is a leading PMCM service provider for clients in petroleum, mining and minerals, and infrastructure industries with a broad client base and operations throughout Brazil.