Printer Friendly
The Free Library
14,573,341 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

ARCADIS Strengthens Belgian Market Position.


ARNHEM, The 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, engineering and project management company, announced today that it has acquired 100% of the shares of the Belgian SWK SWK Social Work
SWK Sarawak (State in Malaysia)
SWK Stadtwerke Krefeld AG (Germany)
SWK Star Wars Kid
SWK Sealed With Kisses
 group. SWK is a consulting engineering firm active in infrastructure with offices in Ghent, Antwerp and Oostende. The company has annual gross 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.
 5.9 million and 50 employees. Further financial details were not disclosed.

With the SWK acquisition, ARCADIS strengthens its Belgian activities, as SWK offers specialist knowledge in traffic, mobility, harbours and aquatic engineering. The acquisition also serves to reinforce ARCADIS' regional presence around Ghent and Oostende.

By joining ARCADIS, SWK is able to broaden its service offering and knowledge base. In addition, the multidisciplinary approach multidisciplinary approach A term referring to the philosophy of converging multiple specialties and/or technologies to establish a diagnosis or effect a therapy  and exchange of international expertise within ARCADIS will serve to improve the quality of its services. With this acquisition, ARCADIS now has 535 employees in Belgium with total gross revenues of EUR 48 million in that market.

"ARCADIS has built an excellent reputation and performance in Belgium in recent years," said ARCADIS CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Harrie Noy. "With this acquisition, ARCADIS strengthens its position as one of the top 3 of engineering companies in the Belgian market, with considerable potential for further growth. The know-how brought in by SWK is a valuable addition in that respect."

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 900 million in gross revenue. Present multi-nationally with a close-knit local network. Expertise and experience of international significance. Focused on providing added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:

Added Value = Sales - Purchases - Labour Costs - Capital Costs
 to clients. Responsible and involved. Thinking and acting. Result counts.

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.

Part of a bigger picture.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:May 12, 2005
Words:415
Previous Article:GE Consumer Finance to Acquire 49.99 Percent Interest in BAC International Bank Inc.; BAC is a Leading Credit Card Issuer in Central America.
Next Article:ALPS Developed SSCN Series Water-Proof Two-Way Detection Switches; High-Contact-Reliability Detection Switch with Wide-Angle On-Stroke.



Related Articles
ARCADIS Completes Acquisition of Grebner GmbH.
ARCADIS Completes Acquisition of Grebner GmbH.
ARCADIS Consortium Wins Multi-Million Euro Assignment for Improvement Infrastructure in the Greater Antwerp Area.
ARCADIS Expands Activities in Belgium.
ARCADIS Acquires Greystone and Expands U.S. Environmental Presence.
Proposal for New Executive Board Member ARCADIS.
ARCADIS Shareholders Vote for Dividend and Appointments.
ARCADIS Acquires Two Belgian Companies.
ARCADIS Acquires Program/Project Management Firm in the U.S.
ARCADIS Acquires Cost Management Company.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles