ARCADIS Expands Position in Polish Rail Infrastructure Market

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

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

ARNHEM, The Netherlands, April 2 /PRNewswire-FirstCall/ -- ARCADIS (EURONEXT: ARCAD), the international consultancy, design and engineering company, announced today that it has acquired Elekol, a Polish company active in railway infrastructure and transportation. Elekol has 40 employees and annual gross revenues of approximately EUR 3 million. The margins are above the target margin for ARCADIS in the infrastructure business line. The sellers are all partners in the Elekol organization, and will stay on after the transaction. Further financial details were not disclosed. Elekol, established in 1992, provides a broad range of design, engineering and construction management services in rail infrastructure and transportation systems. It fits very well into the ARCADIS strategy, which is aimed at capitalizing on the rapidly expanding infrastructure market in a select number of Eastern European markets, including Poland. The service of Elekol matches well with the already existing rail capabilities of ARCADIS and provides additional capabilities in the Polish market. It allows the Company to offer more integrated and comprehensive services to the Polish clients, i.e. designing the modernisation and expansion of railway lines, as well as project management and supervision services. Both companies began cooperating several years ago, among other things leading to a project for the Biala Podlaska - Terespol railway line. ARCADIS board member Michiel Jaski about the acquisition: "This acquisition is another good step in strengthening our position in Poland. With 400 people, we are now the largest consulting engineering company in that country. In addition, we know that the Polish government and the European Union together will invest in infrastructure a total amount of EUR 28 billion in the 2007 to 2013 time frame, so Poland is an attractive market for this opportunity and Elekol just the right party to meet this challenge together with us." ARCADIS is an international company providing consultancy, design and 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 13,000 employees and $2 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions. 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: Mark Zellenrath of ARCADIS NV at +31-26-3778348; outside regular office hours please call +31-6-5073-6265; email: .

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ARCAF Arcadis NV - New York Registry Shares (MM)