ARCADIS Sells Part of its German Operations to Obermeyer
30 Septembre 2009 - 8:00AM
PR Newswire (US)
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/ DATASOURCE:
ARCADIS NV CONTACT: 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 .
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