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| Tetra Tech to acquire Australian mining services firm Proteus Tetra Tech, Inc. (NASDAQ: TTEK) announced that it has entered into a definitive agreement to acquire substantially all of the assets of mining engineering company Proteus EPCM Engineers of Perth, Australia. Proteus 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. An established regional player in Western Australia, Proteus has provided engineering services to the mining and minerals processing sector for more than 25 years. Proteus has 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 will expand Tetra Tech's technical capability and bring new expertise in iron ore and bulk handling. Proteus is joining Tetra Tech's Engineering and Consulting Services segment. write your comments about the article :: © 2011 Construction News :: home page |