California-based Tetra Tech announced this week that it intends to acquire the assets of Fransen Engineering of Richmond, British Columbia. Fransen provides engineering and technical support to industrial clients with specific expertise in water treatment and tailings management for oil sands producers. Fransen currently employs about 180 people and generated approximately US$27 million in revenue over the past 12 months. Tetra Tech intends to complete the transaction in the second quarter of fiscal year 2011.
“Water use and tailings management are the top priority for oil sands producers looking to align their activities with new environmental standards,” said Dan Batrack, Tetra Tech’s chairman and CEO. “Fransen will serve as Tetra Tech’s gateway into the oil sands market, enabling us to provide specialized water, environmental, and industrial process expertise.”
