Company plans to move into oil sands market
PASADENA, CALIF.—Tetra Tech, Inc. plans to buy Fransen Engineering, a Richmond, B.C. company that provides engineering and technical support for water treatment and tailings management in the oil sands.
Tetra Tech is a US-based consulting, engineering, program management, construction and technical services company.
Chairman and CEO Dan Batrack said acquiring Fransen would provide a “gateway” into the oil sands market, where water and tailings management are increasingly in demand.
Fransen would join Tetra Tech’s Engineering and Consulting Services (ECS) business segment. The transaction is expected to finalize in the second quarter of 2011.
Tetra Tech now has about 3,300 employees and about a quarter of its business in Canada. The company also recently acquired the Montreal-based engineering firm, BPR.
Terms of the agreement will not be disclosed, the companies said.