Tetra Tech Completes Acquisition of WYG
09 July 2019 - 11:00PM
Business Wire
Tetra Tech, Inc. (NASDAQ: TTEK) announced today its offer to
acquire all of the outstanding shares of WYG plc (LSE: WYG) through
a United Kingdom (UK) court-approved scheme of arrangement has
become effective and the transaction has closed. Trading in WYG
shares on the London Stock Exchange has been suspended and the
outstanding shares of WYG are now owned by Tetra Tech.
WYG employs 1,600 staff primarily in the UK and Europe,
delivering consulting and engineering solutions for complex
projects across key service areas including planning, water and
environment, transport, infrastructure, the built environment,
architecture, urban design, surveying, asset management, program
management, and international development.
WYG expands Tetra Tech’s geographic presence and positions Tetra
Tech as a leading global consulting, engineering and program
management firm focused on water, environment and infrastructure.
In addition, WYG enhances Tetra Tech’s international development
business both for the European Union and the United Kingdom’s
Department for International Development. Collectively, its
expanded presence in the UK provides a strong platform for growth
in the UK and Europe.
“The addition of WYG advances our strategy to be the premier
global high-end consulting, engineering, and program management
firm,” said Dan Batrack, Tetra Tech Chairman and CEO. “WYG’s
expertise in infrastructure and program management, as well as
water and environmental services, enables us to deliver innovative
solutions to support the UK’s infrastructure needs. Together, we
will provide an expanded scope of services to our customers and
offer our combined staff even greater professional
opportunities.”
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and
engineering services for projects worldwide. With 20,000 associates
working together, Tetra Tech provides clear solutions to complex
problems in water, environment, infrastructure, resource
management, 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, follow us on Twitter (@TetraTech), or like us on
Facebook.
About WYG
WYG is an award-winning professional services firm operating
from more than 30 locations across the UK, Europe, Africa and Asia.
WYG helps its clients create value, protect value, and manage risk.
We are the partner of choice for organizations operating in complex
or challenging environments.
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 10-Q filings with the Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20190709005524/en/
Jim Wu, Investor Relations Charlie MacPherson, Media &
Public Relations (626) 470-2844
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