Tetra Tech Acquires Coanda Research & Development Corporation to Expand its High-End Technology Solutions Services
February 03 2021 - 9:00AM
Business Wire
Tetra Tech, Inc. (NASDAQ: TTEK), a high-end consulting and
engineering firm, announced today that it has further expanded its
advanced analytics business with the addition of Coanda Research
& Development Corporation, based in Burnaby, British Columbia.
Coanda brings a suite of industry-leading capabilities to solve
complex engineering science problems for commercial customers,
across a broad range of industries. Coanda’s research scientists
and engineers provide world-class expertise in computational fluid
dynamics, physical and predictive modeling, data analytics, process
engineering, analytical chemistry, and instrument development.
Coanda’s state-of-the-art in-house research facilities—coupled
with advanced scale-up expertise—enable their technical teams to
combine analytical simulation with sophisticated lab-scale
experiments to facilitate future operational deployment.
“Tetra Tech’s expertise in integrating high-end technologies and
advanced analytics in customized solutions for our clients
differentiates us in the marketplace today,” said Dan Batrack,
Tetra Tech Chairman and CEO. “The addition of Coanda aligns with
our Leading with Science® approach and advances our strategy to
expand our cutting-edge scientific solutions to support the
commercial and industrial sectors.”
Darwin Kiel, Coanda President, said, “Our team is excited to
join Tetra Tech and continue solving our clients’ most complex
problems. By joining Tetra Tech, we can apply our industry-leading
approaches to a wider range of industrial challenges, build
multi-disciplinary teams with broadened high-end resources, and
provide exciting new opportunities for our employees.”
The terms of the acquisition were not disclosed. Coanda is
joining Tetra Tech’s Commercial/International Services Group.
About Coanda Research & Development Corporation
Coanda is an established industrial research and engineering
consulting firm based in Burnaby, British Columbia. Coanda provides
applied research and development solutions to commercial and
industrial clients’ most challenging issues. For more information
about Coanda, please visit coanda.ca, follow them on LinkedIn,
Twitter (@CoandaResearch) or on Facebook.
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, sustainable infrastructure, and
renewable energy. 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.
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/20210203005123/en/
Jim Wu, Investor Relations Charlie MacPherson, Media &
Public Relations (626) 470-2844
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