ARCADIS Completes Acquisition of AYH.ARNHEM, Netherlands -- 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: ARCAD), the international consultancy and engineering company, announced today that it has received acceptances in relation to more than 90% of the shares of AYH plc AYH are a Quantity Surveying firm, whose head office is based in London. As well as London, AYH have other offices in the UK. These are based at Manchester, Leeds, Birmingham and Glasgow. (AYH AYH abbr. American Youth Hostels AYH n abbr (= American Youth Hostels) → Jugendherbergsverband, DJHV m ). As a result, the offer for AYH has become wholly unconditional, which means that ARCADIS can complete the acquisition and acquire 100% of the shares. AYH specializes in project consulting, cost control and consultancy services for real estate and property development for private and public clients. With AYH, ARCADIS adds 340 people and gross revenues of GBP GBP In currencies, this is the abbreviation for the British Pound. 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. 25 million. ARCADIS will pay GBP 16 million with an earn-out component that can reach a maximum of GBP 5 million. "We are extremely pleased that the 90% acceptance threshold has been reached well before the closing date of the offer," said Harrie Noy, chairman of the Executive Board of ARCADIS. "This allows us to move quickly such that we can start reaping the benefits from the relationship right away." ARCADIS is an international company that provides project management, consultancy and engineering services to enhance mobility, sustainability and quality of life. Infrastructure -- Environment -- Buildings. ARCADIS develops, designs, implements, maintains and operates projects. For companies and governments. With 10,000 employees and 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. 900 million in gross revenue the company is multi-nationally present with a close-knit local network. Expertise and experience are of international significance. Focused on providing added value to clients. Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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, risks associated with possible changes in environmental legislation and risks with regard to the Company's ability to acquire and execute projects. These are 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. |
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