Tetra Tech, Inc. TTEK recently announced that it has completed the acquisition of information technology systems and services company, BlueWater Federal Solutions, Inc. Financial terms of the deal were kept under wraps.
Tetra Tech’s shares were up 0.4% yesterday to close at $94.97.
Inside the Headlines
Chantilly, VA-based BlueWater is engaged in offering Enterprise IT solutions, engineering, cybersecurity and applications development solutions. The company, which employs in excess of 350 employees, has a strong customer base across the U.S. federal sector, which includes the likes of Department of Defense and Department of Energy.
Apart from enhancing its customer reach, the buyout will enable Tetra Tech to strengthen its advanced analytics business. In fact, BlueWater’s comprehensive offerings of IT solutions and services will help Tetra Tech in boosting its capabilities in cybersecurity solutions, artificial intelligence and mission-critical services for its federal clients.
BlueWater will be part of the company’s Government Services