Tetra Tech Expands Digital Water and Energy Practices with the Acquisition of TIGA

Rhea-AI Summary

Tetra Tech, Inc. (NASDAQ: TTEK) has enhanced its digital water practice through the acquisition of The Integration Group of Americas (TIGA), a leader in process automation and systems integration. The addition of TIGA brings high-end software engineering and advanced data analytics capabilities to Tetra Tech, expanding its services in water, environmental, and energy sectors. The terms of the acquisition were not disclosed, and TIGA will be integrated into Tetra Tech’s Government Services Group.

Positive

• Acquisition of TIGA strengthens digital water practice and service offerings.
• Enhances capabilities in process automation and advanced data analytics.
• Expected to provide additional revenue opportunities through expanded client base.

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 expanded its digital water practice with the acquisition of The Integration Group of Americas (TIGA), an industry leader in process automation and systems integration solutions, including customized software and platform (SaaS/PaaS) applications, advanced data analytics, cloud data integration, and platform virtualization. TIGA expands the company’s digital water practice with industry-leading software engineers, digital automation integrators and advanced data analytics consultants.

“Tetra Tech uses our Leading with Science^® approach and the suite of Tetra Tech Delta technologies to provide digital solutions for our clients that generate value by leveraging data analytics and systems integration,” said Dan Batrack, Tetra Tech Chairman and CEO. “The addition of TIGA enables us to further expand our high-end digital consulting and platform solutions across water, environmental, and energy sectors.”

John Miller, TIGA President, said, “Solving complex challenges related to water, energy, and sustainable infrastructure by leveraging data analytics is a critical need for our clients. By joining Tetra Tech, we will provide industry-leading control system integration and digital transformation services to an expanded client base while simultaneously providing new opportunities for our employees.”

The terms of the acquisition were not disclosed. TIGA 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 TIGA

Based in Houston, Texas, TIGA is a leading systems integration and engineering services company that leverages both established and emerging technologies to improve operational efficiency, increase reliability, and enhance safety for industrial markets.

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/20220706005892/en/

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

Source: Tetra Tech, Inc.

FAQ

What is the impact of Tetra Tech's acquisition of TIGA?

The acquisition expands Tetra Tech's digital water practice and enhances its service offerings in process automation and data analytics, potentially leading to increased revenue.

When did Tetra Tech announce the acquisition of TIGA?

Tetra Tech announced the acquisition on July 6, 2022.

What is TIGA known for in the industry?

TIGA is recognized for its expertise in process automation and systems integration solutions, including customized software and advanced data analytics.

How will the acquisition affect Tetra Tech's operations?

The acquisition will enhance Tetra Tech's ability to deliver high-end digital solutions across water, environmental, and energy sectors.

What is the ticker symbol for Tetra Tech?

The ticker symbol for Tetra Tech is TTEK, and it is traded on NASDAQ.