US-based resources and water engineering company, Tetra Tech Inc, has announced plans to acquire the assets of WA mining engineering company Proteus EPCM Engineers.

 

Proteus, based in Perth, has about 150 employees primarily located in Western Australia and has annual revenue of approximately $30 million. The acquisition is expected to close in early August 2011. The company has been owned by partners, Lachlan Walker and David Sutton.

 

Tetra Tech's Chairman and CEO, Dan Batrack, said the acquisition was a step in the execution of Tetra Tech's global expansion strategy.

 

"Like Canada, Australia's high-growth economy is driven by strong demand for natural resources. This acquisition will serve as a gateway to new markets across Asia and Africa. We plan to continue expanding our service offerings in Australia in each of Tetra Tech's core markets."

 

Proteus has provided engineering services to the mining and minerals processing sector for more than 25 years, with experience in a wide range of commodities, particularly iron ore, precious and base metals, gold, mineral sands, and aluminum. They generally act as the owner's engineer, designing facilities and providing procurement and construction management services. Proteus is joining Tetra Tech's Engineering and Consulting Services segment.

 

With around 12,000 employees worldwide, Tetra Tech Inc – listed on NASDAQ – provides consulting, engineering, program management, construction, and technical services addressing the resource management and infrastructure markets.