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PASADENA, Calif. - Tetra Tech, Inc. (NASDAQ: TTEK), a global consulting and engineering firm specializing in water, environment, and sustainable infrastructure, with a market capitalization of $8.36 billion and impressive revenue growth of 11.77% over the last twelve months, has announced its definitive agreement to acquire SAGE Group Holdings Ltd, an automation solutions provider. This move aims to enhance Tetra Tech’s digital systems solutions, offering advanced electrical and instrumentation design, engineered control systems, cybersecurity, and cloud integration to a wider client base.
The acquisition, which is subject to customary closing conditions, is expected to strengthen Tetra Tech’s capabilities in smart infrastructure and systems integration across various sectors, including municipal water, energy, transportation, defense, and manufacturing. SAGE Group is known for its expertise in municipal water and industrial manufacturing automation, and its integration into Tetra Tech is anticipated to drive digital transformation for commercial and government clients.
Dan Batrack, Tetra Tech Chairman and CEO, emphasized the strategic value of the acquisition, stating that SAGE Group’s digital automation capabilities will complement Tetra Tech’s offerings, bringing additional expertise and AI-enabled technology to the team. Adrian Fahey, SAGE Group’s Managing Director, also remarked on the shared vision and cultural fit between the two companies, noting the potential for long-term growth and expanded service offerings for SAGE.
SAGE Group will be joining Tetra Tech’s Commercial International Business Group upon completion of the acquisition. The partnership is expected to provide SAGE with new global resources, enhancing the value and innovation delivered to clients and offering expanded opportunities for employees.
Based on a press release statement, this report outlines Tetra Tech’s strategic move to acquire SAGE Group to bolster its position in the industrial digitalization and automation sectors. The acquisition is seen as a step towards enhancing the company’s capabilities in AI, cybersecurity, and digital transformation for a diverse range of industries. InvestingPro data shows the company maintains a strong financial health score of 2.81 (GOOD), operating with moderate debt levels and maintaining consistent dividend payments for 12 consecutive years. With earnings results expected in 6 days, investors seeking detailed analysis can access additional ProTips and metrics through InvestingPro’s comprehensive research platform.
In other recent news, Tetra Tech has been actively securing significant contracts across various regions. The company has won an $8 million contract to modernize the wastewater treatment facility in Gloucester, Massachusetts, which is part of a larger $100 million project aimed at integrating secondary treatment, reducing energy consumption, and enhancing flood protection. In the United Kingdom, Tetra Tech secured a £36 million contract with Severn Trent Water to conduct geotechnical investigations for infrastructure projects over a three-year period. Additionally, Tetra Tech has been awarded a substantial federal contract under the Government Services Administration’s OASIS+ program, which allows for unlimited federal spending on professional services.
Furthermore, the company has secured a $46 million contract with the U.S. Army Corps of Engineers Los Angeles District to provide engineering and design services, focusing on infrastructure and emergency operations support. Tetra Tech is also part of a joint venture to expand Ireland’s water treatment and supply network, led by Uisce Éireann, which will involve designing new water infrastructure to support up to half of the country’s population. These developments underscore Tetra Tech’s ongoing commitment to delivering engineering solutions and its role in supporting essential infrastructure projects globally.
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