Pasadena based Jacobs Engineering Group is making plans to move its headquarters to downtown Dallas, TX. This is a huge win for Dallas and huge blow to Pasadena, CA.
Jacobs has approx 64,000 employees around the world with 250 offices.
Jacobs has a new CEO Steven Demetriou who worked for Irving based Exxon/Mobil.
Jacobs is publicly traded and a Fortune 500 company and would make it one of the top 10 companies in Dallas.
It is unclear if Jacobs would retain any offices in Pasadena.
Jacobs Engineering Group, traded at over $50 a share making its market cap $6.20 billion. With revenues over $12 billion.
Dallasnews.com has more details.