Tetra Tech Announces The Acquisition Of Convergence Controls & Engineering, Advancing Its Digital Water And Energy Practices; The Terms Of The Acquisition Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Tetra Tech, Inc. (NASDAQ:TTEK) has acquired Convergence Controls & Engineering, enhancing its digital water and energy practices. This acquisition brings in expertise in process automation, systems integration, and cybersecurity, aligning with Tetra Tech's Leading with Science approach to offer integrated automation platforms for real-time data visualization and analytics. The terms of the acquisition were not disclosed, and Convergence will join Tetra Tech's Government Services Group.
May 09, 2024 | 1:31 pm
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Tetra Tech's acquisition of Convergence Controls & Engineering significantly enhances its digital water and energy practices, potentially leading to new business opportunities and strengthening its market position.
The acquisition of Convergence Controls & Engineering by Tetra Tech is likely to have a positive short-term impact on TTEK's stock price. By expanding its digital and cybersecurity capabilities, Tetra Tech can offer more comprehensive solutions to its clients, potentially leading to increased demand for its services. This strategic move aligns with the company's growth objectives in the digital water and energy sectors, which could enhance investor confidence and drive up the stock price.
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