ARCADIS Finalizes Merger With Malcolm Pirnie, Becoming a Major Player in Global Water...

Fri Jul 10, 2009 2:10am EDT
 
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ARCADIS Finalizes Merger With Malcolm Pirnie, Becoming a Major Player in
Global Water Market

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.
SOURCE  ARCADIS NV

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
j.slooten@arcadis.nl

 

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