Tetra Tech, a California-based professional services group capitalised at $US8.4 billion on the Nasdaq, has pounced on a South Australian industrial services provider which holds contracts with Sydney Airport, Coca Cola Amatil and Arnott’s Biscuits.
Tetra Tech, which a decade ago took advantage of the lower Australian dollar to snap up local engineering group Coffey International, will acquire 100 per cent of founder- and employee-owned SAGE Group Holdings for its commercial international business group.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
