Tetra Tech to acquire SAGE Group

Adelaide-born industrial automation company SAGE Group Holdings has been acquired by NASDAQ-listed consulting and engineering services business Tetra Tech for an undisclosed amount.

According to a statement from SAGE on Friday, the deal will provide international expansion opportunities across water, energy, transportation, defence, and manufacturing. It is subject to Foreign Investment Review Board approval and closing conditions.

Tetra Tech has a market capitalisation of $US 8.4 billion.

“This partnership positions SAGE for long-term growth, broadens its service offering, and provides new global resources that enhances the value, innovation, and support we deliver to our customers, as well as expanded opportunities for our valued employees,” said the company’s Managing Director Adrian Fahey.

“It also allows us to remain true to our core purpose while scaling our ability to deliver impactful, future-focused solutions across industrial digitalisation, AI and cybersecurity.”

SAFE employs over 700 on two continents, with four brands: SAGE Automation, Nukon, Skills Lab and Embedded Expertise. It was founded in 1994 by Executive Director Andrew Downs, a former electrician at Bridgestone, as Sage Automation.

Dan Batrack, Tetra Tech Chairman and CEO added: “The addition of SAGE Group’s digital automation capabilities will further enhance our offerings by bringing additional expertise, AI-enabled technology, and demonstrated client solutions to our collective team.”

Picture: credit SAGE

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