Prne
September 29th, 2009
AMSTERDAM - ARCADIS (EURONEXT: ARCAD), the international design, consulting, engineering and management services company, today announced that it has sold a part of its German infrastructural design and engineering services to Obermeyer Planen + Beraten GmbH. In this asset deal, approximately 50 people from ARCADIS will be transferred to Obermeyer with their associated workload and contracts. Altogether this represents some EUR 4.5 million in gross revenue. Further financial details were not disclosed. ARCADIS simultaneously entered into a cooperation agreement with Obermeyer, ensuring a seamless transition for clients.
The deal is the result of a strategic reorientation of the ARCADIS activities in Germany, whereby the focus is shifted to activities higher in the value chain in environment, project management, water and geotechnics, in line with the strategy of the group as a whole. The activities were concentrated in the Kaiserslautern office, making the transfer relatively easy to complete.
Commenting on this step, Stephanie Hottenhuis, CEO for the ARCADIS activities in Germany said: “We have thoroughly reviewed our current activities, to ensure that we create maximum value added for our clients in the projects we perform. Within the specific segment of infrastructure design and engineering in which this part of the Kaiserslautern office operated, there was insufficient opportunity to create this situation, leading to the decision to divest it. We remain strongly represented with an environmental team in Kaiserslautern, and will focus our energy on growing these activities consistent with our global strategy”.
About ARCADIS:
ARCADIS is an international company providing consultancy, design, engineering and management services in infrastructure, environment and buildings. We aim to enhance mobility, sustainability and quality of life by creating balance in the built and natural environment. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 15,000 employees and over EUR 2.0 billion in revenues, the company has an extensive international network that is supported by strong local market positions. Visit us on the internet at: www.arcadis-global.com
Source: ARCADIS NV
For more information please contact: Joost Slooten of ARCADIS at +31-26-3778604 or outside office hours at +31-6-27061880, or e-mail at j.slooten at arcadis.nl.
Filed under Acquisitions / Mergers / Takeovers, Banking and Financial Services, Construction / Building, Investors | Tags: Amsterdam, ARCADIS NV, Netherlands | Comment Below
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Scheduled for Wednesday 5 August, 2009
10:00 AM (Eastern Time) 16:00 (CET)
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AMSTERDAM, April 28 /PRNewswire/ --
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