Press release from Business Wire
Tetra Tech Acquires Chilean Mining Services Firm Metalica Consultores S.A.
Tuesday, August 16, 2011
Tetra Tech Acquires Chilean Mining Services Firm Metalica Consultores S.A.09:00 EDT Tuesday, August 16, 2011 PASADENA, Calif. (Business Wire) -- Tetra Tech, Inc. (NASDAQ: TTEK) announced today that it has acquired engineering firm Metalica Consultores, S.A. of Santiago, Chile. This is Tetra Tech's first acquisition in Latin America. Metalica has about 60 employees and provides consulting engineering services to mining and natural resources companies. “Tetra Tech has been working with our global mining clients in Chile and Latin America for years,” said Tetra Tech's Chairman and CEO Dan Batrack. “By following our mining clients to international locations, we have established a local presence that will be greatly enhanced with the addition of Metalica. With Metalica's strong front-end service offerings, we believe that this acquisition will serve as a gateway to new Latin American markets.” Metalica was formed about 20 years ago and provides mine planning, feasibility studies, mine operations support, and industrial process engineering services in Chile and throughout Latin America. The terms of the acquisition were not disclosed. Metalica is joining Tetra Tech's Engineering and Consulting Services business segment. About Tetra Tech (www.tetratech.com) Tetra Tech is a leading provider of consulting, engineering, program management, construction, and technical services addressing the resource management and infrastructure markets. The Company supports government and commercial clients by providing innovative solutions focused on water, the environment, and energy. With more than 12,000 employees worldwide, Tetra Tech's capabilities span the entire project life cycle. 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. Tetra Tech, Inc.Jorge Casado, Investor RelationsTalia Starkey, Media & Public Relations626-470-2844