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Tetra Tech to Purchase Geotechnical Engineering Firm Coffey; Dan Batrack Comments


acquisitionTetra Tech (Nasdaq: TTEK) will acquire Australian geotechnical engineering company Coffey International for approximately 31 cents per share under a bid implementation agreement between the two companies.

The off-market transaction works to support Tetra Tech’s efforts to expand its geographic coverage and consulting portfolio for international development projects, the company said Wednesday.

“Coffey provides a platform for growth of our international development business with multinational aid agencies, ” said Dan Batrack, chairman and CEO of Tetra Tech.

Coffey’s board of directors will ask its stockholders to tender their existing shares.

Batrack noted that the combined business will offer geoservices,  project management and water and environmental services to Australia.

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