Tetra Tech Expands Brazil Presence with Oceanographic Consulting Firm Serving Offshore Oil & Gas Industry
PASADENA, Calif.--(BUSINESS WIRE)-- Tetra Tech, Inc. (TTEK) announced today that it has acquired coastal and oceanographic consulting firm Applied Science Consultoria Ltda. (ASA Brazil) based in Sao Paulo, Brazil. With the acquisition, ASA Brazil has changed its name to Tetra Tech. The firm has about 50 employees and provides oceanic modeling and engineering services primarily to offshore oil and gas companies.
Brazils oil is primarily located in deep water. This complex environment ideally aligns with Tetra Techs coastal and oceanographic expertise. The addition of ASA Brazils local knowledge and scientific expertise is an important next step in our Latin American expansion, said Dan Batrack, Tetra Techs Chairman and CEO.
This transaction is Tetra Techs second acquisition in Brazil, following the acquisition of the Brazilian mining engineering practice of CRA Engenharia Ltda. in June 2012. The terms of the acquisition were not disclosed. ASA Brazil is joining Tetra Techs Engineering and Consulting Services business segment.
About Tetra Tech (www.tetratech.com)
Tetra Tech is a leading provider of consulting, engineering, program management, construction management, and technical services. The Company supports government and commercial clients by providing innovative solutions to complex problems focused on water, environment, energy, infrastructure, and natural resources. With more than 13,000 employees worldwide, Tetra Techs capabilities span the entire project life cycle.
Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent managements best judgment as to what may occur in the future. However, Tetra Techs actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Companys Form 10-K and 10-Q filings with the Securities and Exchange Commission.
Tetra Tech, Inc.
Jim Wu, Investor Relations
Talia Starkey, Media & Public Relations
Source: Tetra Tech, Inc.Copyright Business Wire 2012