As rumors fly that a billion dollar merger between Sinclair Knight Merz and Jacobs Engineering is all but inevitable, a new report indicates M&A activity by US buyers surged in the second quarter as engineering firms endeavour to expand their geographic reach.

PWC’s Engineering Growth report for August indicates that the volume of M&A deals in the global engineering sector valued at $50 million or more during the second quarter jumped by over 50 per cent, as companies sought to expand their international presence and product sets via the handy acquisition of…