ARCADIS NV Amsterdam, 4 October 2016 - Arcadis (EURONEXT: ARCAD), the leading global Design & Consultancy firm for natural and built assets, today announced the acquisition of Australian environmental remediation business, Environmental Strategies. This company with 5 offices across Australia and turnover of AUD $ 9 million is an Australian leader in environmental consulting. The company specializes in environmental investigations, contaminated land remediation, environmental management and environmental auditing.
Stephanie Hottenhuis, Executive Board Member Arcadis: "This is an important acquisition for Arcadis to build our environmental capabilities in Australia. Globally, we are a leader in environmental remediation work but, until now, have lacked some of the deep expertise required in Australia. Environmental Strategies will provide Arcadis with the local capacity and capability to deliver significant remediation projects and meet our commitment to sustainable and exceptional outcomes for our local and multi-national clients."
The environmental remediation market in Australia has grown rapidly due to the regeneration of areas of contaminated land and water, which is one of the biggest issues facing Australian urban and infrastructure development. Much of the land earmarked for redevelopment over the next decade was previously heavy industry and is often contaminated with hazardous chemicals. Arcadis has developed a range of test methodologies and remedial technologies that can be of significant benefit to identifying and safely and cost effectively restoring these areas for future productive use. .
The acquisition forms part of Arcadis' Australian growth plan that was established when the company consolidated its business activities in Australia in 2014. Environmental Strategies will support Arcadis' growth in the environmental consulting sector and immediately joins Arcadis across Australia, with all staff, senior leadership, and project opportunities retained.
----------
For further information please contact:
Arcadis Investor Relations
Jurgen Pullens
Telephone: +31 20 2011083
Mobile: +31 6 51599483
E-mail: jurgen.pullens@arcadis.com
Arcadis Group Communications
Jeremy Cohen
Mobile: +31 6 21639411
E-mail: jeremy.cohen@arcadis.com
About Arcadis
Arcadis is the leading global Design & Consultancy firm for natural and built assets. Applying our deep market sector insights and collective design, consultancy, engineering, project and management services we work in partnership with our clients to deliver exceptional and sustainable outcomes throughout the lifecycle of their natural and built assets. We are 27,000 people active in over 70 countries that generate €3.4 billion in revenues. We support UN-Habitat with knowledge and expertise to improve the quality of life in rapidly growing cities around the world. www.arcadis.com
This press release contains information that qualifies, or may qualify as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Statements included in this press release that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are forward looking statements. These statements are only predictions and are not guarantees. Actual events or the results of our operations could differ materially from those expressed or implied in the forward looking statements. Forward looking statements are typically identified by the use of terms such as "may," "will," "should," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "potential" or the negative of such terms and other comparable terminology. The forward looking statements are based upon our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the expectations reflected in such forward looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward looking statements.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Arcadis N.V. via Globenewswire
