TTEK - Tetra Tech acquires RPS Group for 222 pence per share

• Tetra Tech ( NASDAQ: TTEK ) has reached an agreement with RPS Group plc  on the terms of an all-cash acquisition of RPS Group for 222 pence per share.
• RPS Group board unanimously recommends Tetra Tech's bid of 222 pence per share.
• The combined 26,000 associates of the RPS Group and Tetra Tech will establish a premier global consultancy in water, environment, sustainable infrastructure, and energy transformation.
• The addition advances Tetra Tech’s global high-end consultancy in water, environment, and sustainable infrastructure.
• The move expands global leadership in energy transformation, environmental management, and data analytics.
• Further the deal strengthens United Kingdom and Australia operations and establishes European Union practice.
• The transaction is expected to be mid to high teen percent accretive to adjusted earnings per share.
• The deal is expected to be completed by the end of 2022.

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