12/26/2023 0 Comments Tetra techCity Code on Takeovers and Mergers agrees otherwise). The purpose of the Scheme is to provide for Tetra Tech to indirectly become the owner of the entire issued and to be issued share capital of RPS Group.ĭetails of the proposed Acquisition will be sent to RPS Group shareholders within 28 days of the date of this announcement (unless the Panel on Takeovers and Mergers under the U.K. It is intended that the Acquisition will be implemented by means of a Court-sanctioned scheme of arrangement (the “Scheme”) under Part 26 of the U.K. By joining together, Tetra Tech provides RPS and its employees with a strong and culturally aligned platform that creates a pre-eminent consulting and engineering firm addressing climate change and all its effects.” I am very excited about the future of our combined company and the benefits for our people and clients. Our combination with Tetra Tech will provide attractive opportunities and long-term benefits to our associates and global clients.”įurthermore, John Douglas, Chief Executive of RPS explained, “Joining Tetra Tech represents a highly attractive combination of two leading companies in the industry for our clients and provides an ideal opportunity for our people to realize RPS’ goals to meaningfully contribute to the world’s most challenging problems in energy transformation and water management around the world. Ken Lever, Non-Executive Chairman of RPS commented, “The Board of RPS is pleased to recommend Tetra Tech’s offer, which provides our shareholders with even greater value for their shares. As a global consultancy with a commitment to high-end solutions, we can offer our expanded team of associates even greater professional opportunities.” “We welcome the RPS Group’s associates to join us and collectively leverage our long-term client relationships and project experience. “The RPS Group advances our long-term strategy to enhance our position as the premier global high-end consulting and engineering firm focused on water, environment, sustainable infrastructure, and energy transformation.” said Dan Batrack, Tetra Tech Chairman and CEO. The combination of the RPS Group and Tetra Tech also advances both companies’ strategies to provide high-end consulting with an emphasis on advanced data analytics and unique software applications, such as those in water management, ocean analytics and contaminant modeling. The RPS Group and Tetra Tech are culturally aligned and together will use a Leading with Science ®approach to address critical issues such as climate change, resiliency, and energy transformation. The combination further strengthens our geographic presence in the United Kingdom, European Union, and Australia. The RPS Group significantly expands Tetra Tech’s water practice in the United Kingdom, and enhances Tetra Tech’s leading position in renewable energy and environmental management. ![]() Its 21,000 associates are technical experts in delivering more than 70,000 projects per year around the world. ![]() Tetra Tech is a global high-end consultancy with #1 rankings in both water and environmental management as published in Engineering News-Record. The RPS Group employs 5,000 associates in Europe, the United Kingdom, Asia Pacific, and North America, delivering high-end solutions especially in energy transformation, water, and program management for government and commercial clients. The combined 26,000 associates of the RPS Group and Tetra Tech will establish a premier global consultancy in water, environment, sustainable infrastructure, and energy transformation. The Acquisition has been unanimously recommended by the Board of Directors of RPS Group. PASADENA, Calif.–( BUSINESS WIRE)– Tetra Tech, a leading provider of high-end consulting and engineering services, is pleased to announce that it has reached an agreement with RPS Group on the terms of an all-cash acquisition of RPS Group for 222 pence per share.
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