ARCADIS Completes Acquisition of Grebner GmbH.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)--Aug. 31, 1998--ARCADIS (Nasdaq:ARCAF; AEX AEX See: Amsterdam Exchange :ARCAD) announced today that it has closed its acquisition of Grebner GmbH, a German engineering consultancy. Based in Mainz, Grebner has twelve offices spread throughout the Federal Republic of Germany, as well as offices in Poland, the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. and Slovenia. Grebner has 400 employees and annual gross revenue of approximately NLG NLG The ISO 4217 currency code for the Dutch Guilder. 70 million. The company is a multidisciplinary mul·ti·dis·ci·pli·nar·y adj. Of, relating to, or making use of several disciplines at once: a multidisciplinary approach to teaching. engineering consultancy active in construction design and engineering, environmental consulting Environmental consulting is often a form of compliance consulting, in which the consultant ensures that the client maintains an appropriate measure of compliance with environmental regulations. and infrastructure design. Grebner will continue its operations under the name ARCADIS Grebner. The acquisition will be accretive to the Company's 1998 earnings. Terms of the transaction were not disclosed. Including the Grebner acquisition, ARCADIS' presence in Germany grows to a total of NLG 150 million in annual gross revenue and 850 employees. During negotiations, Grebner and other ARCADIS companies were already cooperating on a considerable number of projects. The acquisition will strengthen the Company's position in the German market by broadening and deepening deep·en tr. & intr.v. deep·ened, deep·en·ing, deep·ens To make or become deep or deeper. Noun 1. deepening - a process of becoming deeper and more profound ARCADIS' current services package. As a result of the combination of Grebner with ARCADIS Trischler & Partner and ARCADIS Asal, ARCADIS is now one of the top five German consulting engineers in the field of construction, infrastructure and the environment. For Grebner, the combination with ARCADIS strengthens its local position, while enhancing Grebner's ability to participate in large multidisciplinary projects in Germany. Grebner will also benefit from ARCADIS' world-wide network of operating companies operating company A business that engages in transactions with outsiders. , which will bring opportunities for further international growth of its activities. ARCADIS with its head office in Arnhem, The Netherlands, is a multi-national engineering company specializing in consulting and implementation services for environment, infrastructure and construction engineering. Wherever the company operates in the world, it aims to improve the physical quality of the living and working environment. ARCADIS stands for integrated solutions for projects in more than 100 countries. Established in 1888 and with currently more than 7,000 employees, ARCADIS is one of the world's largest consulting engineering firms.
CONTACT: Morgen-Walke Associates, New York
June Filingeri, Eric Boyriven
Brian Maddox - Media Contact
(212) 850-5600
or
ARCADIS
Joost Slooten
31-26-3778-604
(516) 391-5262, (U.S. Headquarters)
http://www.arcadis.nl
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