Sinclair Knight Merz will reportedly be party to a $1 billion merger with US firm Jacobs Engineering, in what is set to be one of the biggest deals this year for the global engineering sector.

An unnamed source told The Australian over the weekend that the deal between the Australian engineering giant and Jacobs Engineering is now set to go head, with an announcement likely to be made within the next two weeks. SKM had previously enlisted investment bank Greenhill as its adviser for the…