Tetra Tech acquires Glumac, boosts “high end sustainable infrastructure design” capacity
Global consulting and engineering company Tetra Tech announced this week that it has acquired Glumac “a leader in sustainable infrastructure design”. The move will see Tetra Tech bolster an increasingly important part of its business, as the world becomes more aware of the vital importance of sustainable design at the most fundamental level of society.
Glumac has over 300 employees and “incorporates innovative sustainable technologies and solutions into each of its designs.” These include the design and engineering of Leadership in Energy and Environmental Design standard products, and Net-Zero infrastructure.
Tetra Tech’s share price is up by 10% year to date
SOURCE: Yahoo Finance
Dan Batrack, Tetra Tech’s chairman and CEO, said: “Our clients, now, more than ever, are looking for sustainable solutions to their infrastructure needs. With the addition of Glumac, Tetra Tech can offer additional technically differentiated green infrastructure capabilities to our customers that not only conserve resources, but also reduce their operating costs.”
The acquisition comes as governments the world over are pushing to increase their green credentials. Moves made include the banning of diesel vehicles, the implementation of new water reuse facilities, and an increased focus on intra-governmental agreements to fight climate change. Sustainable infrastructure design is bound to play a large part in this trend.
Steven Straus, Glumac’s president, said: “We are very excited to join Tetra Tech. Tetra Tech complements our current services while offering more in-depth engineering capabilities and broader access to customers in new geographies. We look forward to continuing to provide our combined client base with industry-leading technical solutions.”
Dominion holds Tetra Tech in its Global Trends Managed Fund.
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