Tetra Tech has made an offer to acquire the outstanding shares of WYG for 55p per share, in a move that would expand its geographic presence
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, programme management, and international development.
The acquisition of WYG expands Tetra Tech’s geographic presence and positions Tetra Tech as a leading global consulting, engineering and programme management firm focused on water, environment and infrastructure.
The acquisition also enhances Tetra Tech’s business for international development supporting both the EU and the UK’s Department for International Development.
Dan Batrack, Tetra Tech chairman and CEO, said: “WYG advances our strategy to add firms that support our position as the premier global high-end consulting, engineering, and programme management firm.
“WYG’s expertise in infrastructure and programme management, as well as water and environmental services, enables us to deliver innovative solutions to support the UK’s infrastructure needs. Together, we will be able to provide an expanded scope of services to our customers and offer our combined staff even greater professional opportunities.”
Jeremy Beeton, WYG chairman, added: “Becoming part of Tetra Tech brings the benefits of scale and access to broader expertise across highly complementary geographies and client relationships. It also brings the operational infrastructure and financial strength to support WYG’s long-term ambitions, whilst we provide Tetra Tech with a strong platform for growth in the UK and Europe.
“We believe the combination will provide greater opportunities for our people and our clients as well as offering certainty of immediate value to our shareholders.”