Back to top

Analyst Blog

Zacks Equity Research

Tetra Tech's Australian Acquisition


 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at or call 800-767-3771 ext.  9339.

Tetra Tech Inc. (TTEK - Analyst Report) is all set to acquire an Australian mining engineering company, Proteus EPCM Engineers. As per the agreement, significant portion of Proteus’ assets will be taken over by Tetra Tech. In early August 2011, it is expected that the acquisition procedure will close.

Based in Perth, Australia, Proteus has an annual revenue generation of about $30 million. Total employee strength of Proteus is approximately 150. Proteus is an experienced provider of engineering services to the mining and minerals processing sector, working for more than 25 years in Western Australia. Iron ore, precious and base metals, gold, mineral sands, and aluminum are specialties of Proteus, who has been working as the owner’s engineer, engaged in designing facilities and providing procurement and construction management services.

The acquisition will help Tetra Tech in expanding its foothold globally. High demand for natural resources in Australia provides the company an opportunity to explore new markets, other than Asia and Africa. Tetra Tech continues to focus on Australia for growth in its other core markets.

Headquartered in Pasadena, California, Tetra Tech Inc. was initially founded in 1966 as a provider of engineering services related to waterways, harbors and coastal areas. Over the past 40 years, the company has substantially increased the size and scope of its business and expanded its service offerings through a series of strategic acquisitions and internal growth. Tetra Tech at present provides environmental services, water/wastewater management, infrastructure services, security design, and outsourced technical services.  The company currently operates 250 offices worldwide and employs about 10,000 people. Major competitors of Tetra Tech are Arcadis NV, Shaw Group Inc. and URS Corporation (URS - Analyst Report).

We currently maintain our Neutral rating on Tetra Tech, with a Zacks #3 Rank (Hold recommendation) over the next one-to-three months.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%