Shalom,
You might want to give us more details on all three tiers.
There could be problems making this transition, demands on memory and such that are not good for a single system. Oracle generally recommends not running applications and database on the same server, though I've gotten away with it on powerful hardware.
Based on what you have posted, I can only recommend you plan carefully, check memory use on your tiers and make sure the single system is powerful enough to do the job.
SEP
Steven E Protter
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