ARCADIS Finalizes Merger With Malcolm Pirnie, Becoming a Major Player in Global Water Market
July 10 2009 - 2:10AM
PR Newswire (US)
AMSTERDAM, The Netherlands, July 10 /PRNewswire-FirstCall/ --
ARCADIS (EURONEXT: ARCAD), the international consultancy, design,
engineering and management services company, has finalized the
previously announced merger with Malcolm Pirnie, the White Plains,
New York based company active in water and environmental consulting
and engineering. All internal shareholders, representing 100% of
the share capital of Malcolm Pirnie, voted in favor of the merger,
showing that this major step is fully supported by management and
senior staff of the company. Malcolm Pirnie, now a wholly-owned
subsidiary of ARCADIS U.S., has more than 1,700 employees with 2008
gross revenues of $392 million (EUR280 million). The financial
terms of the transaction were disclosed on June 25, 2009 and can be
found on the investors and press section of ARCADIS' website at
http://www.arcadis-global.com/. Commenting on the merger, ARCADIS
CEO Harrie Noy said: "I am very pleased with the acceptance of our
merger offer by all of the Malcolm Pirnie shareholders. This step
makes us a major player in the highly attractive global water
market and strongly enhances our position in infrastructure and
environment, while providing a better balance in our public and
private sector client mix in the U.S. In addition, we expect
significant business and operational synergies. I wholeheartedly
welcome the Malcolm Pirnie people to ARCADIS and feel excited about
the increased opportunities created by our combined future."
William P. Dee, President & CEO of Malcolm Pirnie added: "The
broad support among our shareholders and staff signifies the
strategic relevance of this bold step. By joining ARCADIS we create
a world leader in water-related consulting and engineering
services, with a global platform that allows us to expand our
services internationally. Broadening our services and geography
fits very well with our philosophy of 'clients first' and greatly
enhances opportunities for our staff. We look forward to working
with the people of ARCADIS to create solutions for life, here - and
throughout the world." About ARCADIS ARCADIS is an international
company providing consultancy, design, 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 13,500 employees and over EUR 1.7
billion in gross revenues, 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/
About Malcolm Pirnie Malcolm Pirnie Inc, is a century -old
environmental consulting firm, provides governmental and industrial
clients with comprehensive services in water and wastewater
engineering, solid and hazardous waste management, environmental
sciences and, through its Red Oak Consulting Division, a wide range
of management and IT consulting services. With a diversified staff
of over 1700 engineers, scientists and consultants in 60+ offices,
Pirnie has won over 200 professional awards for project excellence.
For more information visit http://www.pirnie.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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