ENGINEERING

Jacobs Engineering to Buy Stake in Serete: Jacobs Engineering Group Inc. said it plans to take a 49% stake in Serete Group, a French engineering and construction company. No financial details were disclosed. The transaction is expected to take place next month, pending approvals from the French government and various financial institutions, the Pasadena-based engineering company said. The agreement would broaden Jacobs’ global reach, a crucial component as more companies establish factories in several different countries.