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Tuck-In Acquisition

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Tuck-In Acquisition
The acquisition of a company where the acquiring company intends to merge the target company into one of its departments. For example, a broad-based financial services company may conduct a tuck-in acquisition where it buys a research company and then transfers all of its resources into its own research department. A tuck-in acquisition is also called a bolt-on acquisition.


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Pape said, "This tuck-in acquisition is a great fit with our network of experts and resources across northeast Pennsylvania, where we already serve approximately 350,000 people.
We believe the keys to achieving consistent growth include additions to our sales force, a more rapid R&D pipeline conversion, tuck-in acquisitions, improved product lifecycle management, and a more focused approach to the national account market," said Eamonn Hobbs, president and CEO.
NASDAQ:TTEK) announced today that it has completed the tuck-in acquisitions of two consulting/engineering firms in the second quarter of fiscal 2008.
 
 
 
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