AMSTERDAM, September 30 /PRNewswire-FirstCall/ -- 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:
http://www.arcadis-global.com
SOURCE ARCADIS NV
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