Tetra Tech Acquires Enterprise Automation Expanding Its High-end Digital Water Solutions

Rhea-AI Summary

Tetra Tech, Inc. (NASDAQ: TTEK) has acquired Enterprise Automation (EA), a leader in digital water transformation consulting. This acquisition enhances Tetra Tech's capabilities in control systems integration, automation, and data analytics, furthering its digital water consulting services. CEO Dan Batrack highlighted the strategic importance of EA's expertise in improving operational efficiency and cyber security for water sector clients. The financial terms of the acquisition were not disclosed. EA will join Tetra Tech's Government Services Group.

Positive

• Acquisition of EA expands Tetra Tech's digital water consulting services.
• Strengthened capabilities in control systems integration and advanced data analytics.
• Enhanced operational efficiency and cyber security offerings for water sector clients.

Negative

• None.

PASADENA, Calif.--(BUSINESS WIRE)-- Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that it has acquired Enterprise Automation (EA), an industry leader in digital water transformation consulting services, including control systems integration, automation, advanced data analytics, platform virtualization, and cyber security.

“Tetra Tech leverages digital technology solutions to strengthen cyber security and improve operational efficiency for our clients in the water sector,” said Dan Batrack, Tetra Tech Chairman and CEO. “The addition of EA enables us to further expand our high-end digital water consulting practice by adding EA’s talented team of digital automation and advanced data analytics consultants.”

Josh Riley, EA Co-Founder, said, “We are extremely excited to join Tetra Tech and to execute on our shared vision of providing best-in-class control systems integration services. By joining Tetra Tech, we will expand our client base and geographic reach, while simultaneously providing new opportunities for our employees. We will leverage multidisciplinary teams to provide exceptional and reliable results for every project and support our clients on their digital transformation journeys.”

The terms of the acquisition were not disclosed. EA is joining Tetra Tech’s Government Services Group.

About Tetra Tech

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science^® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.

About Enterprise Automation

Based in Irvine, California, EA provides industrial control and automation system consulting and engineering services for process industries including water processing and distribution, chemical, and life sciences, among others. Their staff are focused on the design and implementation of critical systems for both municipal and commercial customers.

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 management’s best judgment as to what may occur in the future. However, Tetra Tech’s 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 Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005276/en/

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

Source: Tetra Tech, Inc.

FAQ

What is the significance of Tetra Tech's acquisition of Enterprise Automation?

The acquisition strengthens Tetra Tech's digital water consulting capabilities, enhancing services in control systems integration and data analytics.

When was the acquisition of Enterprise Automation by Tetra Tech announced?

The acquisition was announced on October 27, 2021.

What services does Enterprise Automation provide?

Enterprise Automation specializes in digital water transformation consulting, including automation, control systems integration, and advanced data analytics.

How will the acquisition impact Tetra Tech's offerings in the water sector?

The acquisition will enhance Tetra Tech's ability to provide advanced cyber security and operational efficiency improvements for clients in the water sector.