ARCADIS Subsidiary Malcolm Pirnie Involved in Worldwide Environmental Remediation Contract of U.S. Army.wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of ARCADIS. The Contract, to support munitions response, hazardous, toxic and radioactive waste remediation services, has a shared capacity of $1.1 billion.
The PIKA-Pirnie joint venture is one of seven companies that were awarded this Small Business Set-Aside 5-year indefinite delivery/indefinite quantity contract. The WERS contract will be used for investigation through remediation of Active and Base Realignment and Closure Base Realignment and Closure (or BRAC) is a process of the United States federal government directed at the administration and operation of the Armed Forces, used by the United States Department of Defense (DoD) and Congress to close excess military installations and realign (BRAC) of military installations and Formerly Used Defense Sites (FUDS) with munitions and/or hazardous waste.
Steve Blake, member of the Executive Board of ARCADIS and 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. for its U.S. business said: "Munitions and explosives of concern on former and operational ranges is an issue that touches every state and many overseas locations. Performing remediation on these types of sites is a core specialty of Malcolm Pirnie and one that strengthens our ability to perform work for the federal government. We expect to see a lot more synergy with Malcolm Pirnie in this area with the help of our global footprint. We will fully support the joint venture in the execution of this important contract."
ARCADIS is an international company providing consultancy, design, engineering and management services in infrastructure, environment and buildings. We aim to enhance mobility, sustainability and quality of life by creating balance in the built and natural environment. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 15,000 employees and over EUR EUR
In currencies, this is the abbreviation for the Euro.
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. 2.0 billion in revenues, the company has an extensive international network that is supported by strong local market positions. Visit us on the internet at: http://www.arcadis.com
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|Publication:||PR Newswire Europe|
|Date:||Feb 24, 2010|
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