ARCADIS Expands Environmental Presence Into Italy

Share Name	Share Symbol	Market	Type
Arcadis NV - New York Registry Shares (MM)	NASDAQ:ARCAF	NASDAQ	Ordinary Share

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Arcadis NV - New York Registry Shares (MM)

NASDAQ:ARCAF

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ARCADIS Expands Environmental Presence Into Italy

07/07/2008 8:11am

PR Newswire (US)

Arcadis (NASDAQ:ARCAF)
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From May 2019 to May 2024

ARNHEM, The Netherlands, July 7 /PRNewswire-FirstCall/ -- ARCADIS (EURONEXT: ARCAD), the international consultancy, design, engineering and management services company, announced today that it has acquired SET, an Italian company specialized in environmental consulting services. SET has gross revenues of approximately EUR 9 million and margins above the target margin of ARCADIS for the environmental business line. ARCADIS acquired the shares from the management and an external shareholder. Further financial details were not disclosed. SET, established in 1994 and based in Bolzano and Milan, provides a full service range in the environmental field, including soil and groundwater remediation, due diligence services and D4 (Deactivation, Decommissioning, Decontamination, Demolition - of older industrial sites). SET has a good track record of profitable growth. The additional geographical coverage of SET allows ARCADIS to serve its multinational clients better in Italy, where many of the Company's current multinational clients have interests. In addition, SET works for major Italian clients with international operations that may also benefit from the ARCADIS network elsewhere. ARCADIS board member Michiel Jaski about the acquisition: "Our focus in the environmental market is on delivering value added services to key national and multinational clients, in order to be a strategic consultant to these clients. With this acquisition we create a strong environmental base in Italy, where many of our clients already have operations. We have partnered with SET in projects before, so we are convinced of the success of this combination." SET director Lorenz San Nicolo about the deal: "With the backing of ARCADIS we will be able to shoot for larger, more complex projects and offer our clients services under new contract types, such as GRiP(R) (guaranteed remediation). This will allow us to serve our clients better locally, but also internationally. And what is important, it also offers good perspectives to our staff and provides them access to the huge knowledge network of ARCADIS." ARCADIS is an international company providing consultancy, design and engineering and management services in infrastructure, environment and buildings, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 13,000 employees and US$2 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions. Visit us on the internet: http://www.arcadis-global.com/ DATASOURCE: ARCADIS NV CONTACT: ARCADIS NV, Nieuwe Stationsstraat 10, P.O. Box 33, 6800 LE Arnhem, The Netherlands, Tel +31-26-3778-29, Fax +31-26-4438-381; For more information, contact: Joost Slooten of ARCADIS at +31-26-3778604 or e-mail at .

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ARCAF Arcadis NV - New York Registry Shares (MM)