Tetra Tech | September 26, 2022
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, is pleased to announce that it has reached an agreement with RPS Group plc (“RPS Group”) on the terms of an all-cash acquisition of RPS Group for 222 pence per share (the “Acquisition”). The Acquisition has been unanimously recommended by the Board of Directors of RPS Group.
The combined 26,000 associates of the RPS Group and Tetra Tech will establish a premier global consultancy in water, environment, sustainable infrastructure, and energy transformation. The RPS Group employs 5,000 associates in Europe, the United Kingdom, Asia Pacific, and North America, delivering high-end solutions especially in energy transformation, water, and program management for government and commercial clients. Tetra Tech is a global high-end consultancy with #1 rankings in both water and environmental management as published in Engineering News-Record. Its 21,000 associates are technical experts in delivering more than 70,000 projects per year around the world.
The RPS Group significantly expands Tetra Tech’s water practice in the United Kingdom, and enhances Tetra Tech’s leading position in renewable energy and environmental management. The combination further strengthens our geographic presence in the United Kingdom, European Union, and Australia. The RPS Group and Tetra Tech are culturally aligned and together will use a Leading with Science® approach to address critical issues such as climate change, resiliency, and energy transformation. The combination of the RPS Group and Tetra Tech also advances both companies’ strategies to provide high-end consulting with an emphasis on advanced data analytics and unique software applications, such as those in water management, ocean analytics and contaminant modeling.
“The RPS Group advances our long-term strategy to enhance our position as the premier global high-end consulting and engineering firm focused on water, environment, sustainable infrastructure, and energy transformation. We welcome the RPS Group’s associates to join us and collectively leverage our long-term client relationships and project experience. As a global consultancy with a commitment to high-end solutions, we can offer our expanded team of associates even greater professional opportunities.”
-Dan Batrack, Tetra Tech Chairman and CEO.
Ken Lever, Non-Executive Chairman of RPS commented, The Board of RPS is pleased to recommend Tetra Tech’s offer, which provides our shareholders with even greater value for their shares. Our combination with Tetra Tech will provide attractive opportunities and long-term benefits to our associates and global clients.
“Joining Tetra Tech represents a highly attractive combination of two leading companies in the industry for our clients and provides an ideal opportunity for our people to realize RPS’ goals to meaningfully contribute to the world’s most challenging problems in energy transformation and water management around the world. I am very excited about the future of our combined company and the benefits for our people and clients. By joining together, Tetra Tech provides RPS and its employees with a strong and culturally aligned platform that creates a pre-eminent consulting and engineering firm addressing climate change and all its effects.”
-John Douglas, Chief Executive of RPS.
About RPS Group:
RPS Group is a public limited company registered in England and Wales. RPS Group’s shares are listed on the Official List of the London Stock Exchange. Founded in 1970 and built on a legacy of environmental and social engagement, RPS Group is a diversified and well recognized global professional services firm of approximately 5,000 talented employees.
As an established technology enabled consultancy that operates across a range of sectors, RPS Group provides specialist services to government and private sector clients with a focus on front-end consulting. RPS Group creates shared value for all stakeholders by solving problems that matter in a complex, urbanizing, resource-scarce world and concentrates its expertise on the parts of project lifecycles that have the biggest impact on project outcomes with a strong sustainability agenda. RPS Group has been widely recognized in this respect, having been ranked number one in the UK for climate change and energy consulting by the Environment Analysis for 2019/2020, a top 200 environmental firm by Engineering News-Record in 2021 and recognized in 2021 as one of the first “carbon champions” by the Institution of Civil Engineers.
RPS Group operates across approximately 100 offices in 12 countries, with more than 99% of its net revenue during the 2021 financial year generated from its operations in OECD countries. The majority of its net revenue during the 2021 financial year was generated from its operations in the United Kingdom, Australia and the United States.
About Tetra Tech:
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients.
ROBOTICS AND AUTOMATION,ENGINEERING TECH,CONSTRUCTION
KUKA | September 23, 2022
Pioneers in modular construction and car factory automation have teamed up to advance the construction industry. U.S. modular housing pioneer, Waypaver International and German automation leader KUKA are today unveiling a predesigned automation solution to produce modular housing. The solution, System P4, provides everything a factory owner needs for an automated modular housing operation, off the shelf.
System P4 is designed by Waypaver, powered by KUKA automation technology, and backed by the P4 Housing Collective. The P4 Housing Collective includes four separate companies: Waypaver, Prefab Logic, Modular Maven, and Effektiv House. The team collectively offers a construction ecosystem of plant design, people development, preconstruction design/engineering, and products ready to be built—designed together to work together with System P4.
System P4 began with a collaboration between Rick Murdock, CEO and Founder of Waypaver, and Timo Heil, one of the CEO's of the KUKA System Group. Murdock and his business partner Curtis Fletcher pioneered the use of automation in construction in what is now the highest volume automated modular factory in the western U.S. Following this success, Murdock and Fletcher were sought out by developers, factory owners, and municipalities seeking new solutions to the global housing crisis.
"Developing the world's first automated plant of its kind forced us to make big advancements in construction engineering and manufacturing, "The goal has always been to learn and share better ways to build, advance modular construction, and make housing more attainable worldwide. Collaborating with KUKA on System P4 is a major next step because it gives future factory owners a turnkey solution based on real-world lessons learned by pioneers in both construction and automation."
-Rick Murdock, CEO and Founder of Waypaver.
Heil—who has extensive experience in the conceptual design, planning and implementation of complex systems—adds, KUKA has played a decisive and global role in shaping the automation of the automotive industry in its more than 100-year history. Together with the strong team around the P4 system, we will put all our know-how into a paradigm shift in the way we build homes. Because nothing less than that is needed to meet the global challenge of housing shortages. Automation closes the wide gap between construction capacity and demand, while also making construction more efficient—both in terms of cost and sustainability.
KUKA, a leader in automation for car-manufacturing, had a vision for how their technology and automation expertise could be used to build housing. Murdock, Heil, and Fletcher teamed up to envision a factory design that could combine KUKA technology and innovation with the proven best practices of automated modular construction to give modular factory startups a predesigned solution. The result, System P4, is a complete solution including Waypaver plant floor layout and logistics combined with KUKA robotics automation, hardware, and integration services.
System P4 is a response to the worldwide housing crisis due in part to labor shortages and inefficiencies in construction. According to McKinsey & Co, construction is the world's largest industry, yet it has been one of last and slowest to advance technologically. Between 1900 and today, car manufacturing has made staggering advancements. In the 1920s, it took Ford 12 hours to produce a car; today a car is produced in less than a minute. With System P4, Murdock, Heil, and Fletcher see similar opportunities to reduce the time it takes to build housing—while relieving workers in the construction trades of physical stress.
Our constant focus is making homes attainable, and making construction more precise, more productive, and easier, Fletcher said. The P4 Housing Collective is a team of separate companies united around this shared passion. We've made huge progress with data-driven methods for smarter construction and standard products plus automation to take the back-breaking work off of people. System P4 is powered by KUKA, and backed by data-driven preconstruction, off-the-shelf products, and people development programs—all designed to work together with System P4. This is great news for developers, municipalities, and modular builders looking to establish their own steady stream of quality housing.
KUKA is a global automation corporation with sales of around 3.3 billion euro and roughly 14,000 employees. The company is headquartered in Ausburg, Germany. As one of the world's leading suppliers of intelligent automation solutions, KUKA offers customers everything they need from a single source: from robots and cells to fully automated systems and their networking in markets such as automotive, electronics, metal and plastic, consumer goods, e-commerce/retail and healthcare.
Waypaver International is a small and mighty team of modular manufacturing experts with proven expertise helping design numerous modular plants. The team's members average more than 30 years in modular construction each. Waypaver's founder led the development of the first automated modular plant of its kind, and acted as the factory's most senior manager as it became the highest-volume modular factory in the western U.S. in less than three years. Collectively, the team has led the design of more than a dozen modular plants. Waypaver is committed to helping potential plant owners and operators understand risks, avoid costly mistakes, and enjoy the adventure of paving the way for a smarter, faster, more efficient construction industry worldwide.
IBM | September 26, 2022
IBM ( NYSE:IBM) today announced plans to acquire Dialexa, a leading U.S. digital product engineering services firm, to help companies drive innovation and achieve their digital growth agendas. The acquisition is expected to deepen IBM's product engineering expertise and provide end-to-end digital transformation services for clients.
Dialexa will be the sixth acquisition IBM has made in 2022, further bolstering the company's hybrid cloud and AI skills and capabilities. Since Arvind Krishna became CEO in April 2020, IBM has acquired more than 25 companies. Thirteen of those acquisitions, including Dialexa, have been in IBM Consulting. Today's news builds upon IBM Consulting's prior acquisitions, including Neudesic, Sentaca, Nordcloud and Taos.
The acquisition of Dialexa will be IBM Consulting's first in the fast-growing digital product engineering services market, which is estimated to reach $700 billion by 20261. Upon close, Dialexa will join IBM Consulting, spearheading IBM's digital product engineering services presence in the Americas.
"In this digital era, clients are looking for the right mix of high-quality products to build new revenue streams and improve topline growth, Dialexa's product engineering expertise, combined with IBM's hybrid cloud and business transformation offerings, will help our clients turn concepts into differentiated product portfolios that accelerate growth."
-John Granger, Senior Vice President, IBM Consulting.
Founded in 2010, Dialexa delivers a suite of digital product engineering services, helping organizations create transformative products to drive business outcomes. Its multi-disciplinary and highly skilled team of 300 product managers, designers, full-stack engineers and data scientists, based in Dallas and Chicago, advise and create custom, commercial-grade digital products for clients such as Deere & Company, Pizza Hut US, and Toyota Motor North America. Dialexa has deep experience delivering end-to-end digital product engineering services consisting of strategy, design, build, launch, and optimization services across cloud platforms including AWS and Microsoft Azure.
"Digital product engineering represents the tip of the spear for competitive advantage, IBM and Dialexa's shared vision for delivering industry-defining digital products could be a game changer. We are thrilled to become part of one of the world's most iconic companies to continue to scale and grow our global client relationships in this rapidly growing market."
-Scott Harper, CEO and Co-Founder, Dialexa.
The Dialexa team has been an outstanding partner for us in deepening our product thinking and assisting in our design practice on some of our key digital initiatives. It is rare to find a partner with such a strong combination of great thought partnership and deep execution capabilities, said Chuck Rhoades, Chief Technology Officer, Pizza Hut US. We're excited about the possibilities of bringing these two companies together.
The transaction is expected to close in the fourth quarter of this year and is subject to customary closing conditions and regulatory clearances. Financial details were not disclosed.
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service.