Tetra Tech boosts green building capabilities with acquisition of NDY
Global engineering services company Tetra Tech has announced the acquisition of Norman Disney & Yong (NDY), a consulting engineering firm that specializes in sustainable building. This is a hot topic in the building world at the moment, as the industry seeks to “go green” and make a positive contribution to the world. The terms of the deal have not been disclosed, but Tetra Tech did confirm that NDY will continue to operate as a stand alone segment within Tetra Tech. That means no change of brand, no change of management, and change in staff.
Tetra Tech’s share price has risen by 21% over the past year
SOURCE: Yahoo Finance
Tetra Tech’s chairman and chief executive, Dan Batrack, explained the value of NDY to the press. Against a backdrop where “the demand for high-performance, sustainable infrastructure solutions is increasing,” Batrack said that “The addition of NDY to our sustainable infrastructure design practice enables Tetra Tech to offer technically differentiated green building solutions to our commercial and government clients on a global scale.”
NDY, which has 13 offices across Australia, New Zealand, the UK, Hong Kong, and Canada, will join Tetra Tech’s Asia Pacific division. And the company’s chief executive, Stuart Fowler, said he was “very excited” to become part of this much bigger family (Tetra Tech, for comparison’s sake, has more than 400 offices around the world).
Fowler added: “Tetra Tech complements our current services while offering 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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