ARCADIS And Aqumen Launch New Facility Management Venture.Business & Technology Editors ARNHEM Arnhem (är`nəm), Ger. Arnheim, city (1994 pop. 133,670), capital of Gelderland prov., E Netherlands, a port on the Lower Rhine. It is an industrial, transportation, and tourist center. , The Netherlands--(BUSINESS WIRE)--Sept. 23, 2002 ARCADIS (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ARCAF; Euronext Based at Arnhem in Holland, ARCADIS AQUMEN FM will initially operate in the Netherlands Netherlands (nĕth`ərləndz), Du. Nederland or Koninkrijk der Nederlanden, officially Kingdom of the Netherlands, constitutional monarchy (2005 est. pop. 16,407,000), 15,963 sq mi (41,344 sq km), NW Europe. , but it is envisaged that the company will develop a pan-European presence for its services in the next couple of years. ARCADIS AQUMEN FM will be unique combination in the Dutch market in delivering a total facility management solution for its clients. The two joint venture partners have complementary skills that make for an extremely good fit. ARCADIS has a strong blue-chip blue chip also blue-chip·per n. 1. A stock that sells at a high price because of public confidence in its long record of steady earnings. 2. An extremely valuable asset or property. 3. client base in the Netherlands where it provides multi-disciplinary project management capabilities. Aqumen has a proven track record in delivering high quality facility management services to a wide range of public and private sector clients in the UK. ARCADIS AQUMEN FM's principal offering will enable clients to enhance their performance and reduce costs - most notably in their non-core property holdings - through partnership. The new company will particularly address the needs of firms seeking trans-national facilities management solutions. ARCADIS AQUMEN FM offers a range of delivery options: Total Facility Management, whereby ARCADIS AQUMEN FM contracts directly with the client to deliver a comprehensive range of services; Managing Agent, in which some or all of the client's existing service providers are managed; Partnering, where ARCADIS AQUMEN FM provides its own managers at various levels within the client's FM structure; and Consultancy, on a short or long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. basis. Commenting on the launch of the new JV, Jack McGrory, Aqumen Managing Director said: "ARCADIS AQUMEN FM not only becomes the leading facility management provider in the Netherlands, but also a major player on the wider European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. facility management scene. The joint venture brings particular expertise in the delivery of Total Facility Management packages that not only relieve the client of the day-to-day demands of running their own support services, but also ensure that those services are fully integrated and consistent with core business objectives." NOTE TO EDITORS -- ARCADIS AQUMEN FM is backed by two very substantial Groups with a wealth of relevant experience: ARCADIS is a leading global, knowledge-driven service provider able to offer project and program management skills from concept to completion for both public and private sector clients. Quoted on the NASDAQ, as well as the Amsterdam stock exchange, ARCADIS has annual revenues of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 850 million and employs 8,500 people. Aqumen, part of the larger Mowlem Group, is one of the UK's leading providers of practical facilities management solutions in both private and public sectors and across the full range of market sectors - eg, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , retail, defence, etc. It also has a substantial direct service delivery capability - principally in cleaning, security and mechanical & electrical (M&E) installation/maintenance. Aqumen employs 15,000 staff and has annual revenues of EUR 800 million. (Mowlem is quoted on the London stock exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. , has an annual turnover of more than EUR 3 billion and employs over 20,000 people.) -- Both companies place a premium on professionalism, innovation and openness with their clients. -- The joint venture has been given a flexible structure to allow for expansion once the company gets into its stride. A small joint board has been drawn form the two partners. Executive management will be provided initially by John Platt (Aqumen) and Don Hardy (ARCADIS), under the supervision of Jan Zijlstra (ARCADIS) and Jack McGrory (Aqumen). -- At the outset, the administrative team will comprise secondees from the two partners and will be based at Arnhem in Holland. It is intended that ARCADIS's existing facility management activities will be integrated into the joint venture, giving it around 40 employees and a turnover of EUR 20 million by the end of 2002. |
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