ARCADIS Expands Chilean Presence
19 Novembre 2007 - 9:05AM
PR Newswire (US)
ARNHEM, The Netherlands, November 19 /PRNewswire-FirstCall/ --
ARCADIS (EURONEXT: ARCAD), the international consultancy and
engineering company, today announced that it has expanded its
activities in South America by acquiring 100% of Idesol Engineering
Company (Idesol), based in Chile. Idesol has 70 employees,
producing EUR 4 million of revenues, bringing the total number of
employees in Chile to 300. With this step ARCADIS Geotécnica, the
company's Chilean subsidiary, considerably strengthens its position
in the fast growing mining sector, not only in Chile, but also in
other parts of South America where the multinational mining
corporations are present. The former owners of Idesol were members
of management and will remain with the company. No further
financial details were provided. Idesol delivers specialized
services for the development of mining projects, from feasibility
studies, conceptual design and engineering to construction
management. Based on the highly specialized knowledge of its staff,
the company assists its clients with metallurgical services for
processing plants, the development of technology for mining
processes, treatment of industrial effluents, heavy metal abatement
and recovery of valuable materials from waste. "With economic
growth of 5.5%, the Chilean economy is doing very well", says
Hernan Bezamat, CEO of ARCADIS' Chilean operations. "The favorable
economy is driven by strong demand for raw materials, resulting in
extensive investment programs in the mining sector. With this
acquisition we further enhance the quality and breadth of our
service offering to major corporations in the mining industry,
which allows us to benefit from the strong growth in this sector.
This strengthens our position as a leading provider of consultancy
and engineering services in Chile." Edgardo Marinkovic, general
manager of Idesol, says: "Idesol has an excellent reputation and
distinctive leadership position in providing services to the mining
sector, with a desire to expand internationally, following our
multinational clients. We believe we can establish our growth goals
by becoming part of the strong ARCADIS network." ARCADIS is an
international company providing consultancy, design, engineering
and management services in infrastructure, environment and
facilities, to enhance mobility, sustainability and quality of
life. ARCADIS develops, designs, implements, maintains and operates
projects for companies and governments. With more than 12,000
employees and over $ 2 billion in gross revenue, the company has an
extensive international network that is supported by strong local
market positions. Please also visit the following websites for more
background on our activities: http://www.arcadis-global.com/;
http://www.arcadis.cl/; http://www.idesol.cl/;
http://www.idetec.cl/ Except for historical information contained
herein, the statements in this release are forward-looking
statements that are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties that may cause the company's actual results in future
periods to differ materially from forecasted results. Those risks
include, among others, the risk that our delisting from NASDAQ and
subsequent deregistration with the SEC will not become effective as
currently anticipated, risks associated with possible changes in
environmental legislation and risks with regard to the Company's
ability to acquire and execute projects. These and other risks are
described in ARCADIS' filings with the Securities and Exchange
Commission over the last 12 months, copies of which will be
available from the SEC or may be obtained upon request from the
Company. DATASOURCE: ARCADIS NV CONTACT: For more information,
contact: Joost Slooten of ARCADIS NV at +31-26-3778604 or
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